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raj kumar ji (LAW STUDENT )     11 August 2010

IF BANK IS RESPONSIBLE!!!!!!!!!!!!

RESPECTED ALL,

HERE IS A CASE -

1-MRS."X" HAVE A PENSION HOLDER .SHE TAKE PENSION THROUGH BANK .THEN SHE NOMINEE HER ELDER SON AS A NOMINEE HOLDER .

2-BUT AFTER THE 6-7 YRS PASSED THE ELDER SON IS NOT IN PROPER WAY IN THE HOUSE HE DOING WRONG HABITS .

3-THEN SHE CHANGE THERE NOMINATION NOW SHE NOMINEE THE HIS YOUNGER SON AS A NOMINEE HOLDER .BANK CAN NOT CANCELLED THE FIRST NOMINEE. MEAN THAT THE BANK CANNOT FILL THE FORM "B" OF NOMINATION .

4- NOW THE MRS."X" EXPIRE .NOW THE ELDER SON CLAIM FOR THE ACCOUNT OF PENSION .

NOW WHAT SHOULD THE YOUNGER SON DO ?

5- CAN BANK CLAIM THE ELDER SON ACCEPT.



Learning

 3 Replies

JAGDISH LAL (Practising Advocate)     11 August 2010

Raj Kumar Ji   Your language is very poor.   Not easily understandable.

M.S.Bhalerao (advocate)     11 August 2010

The person whose name is recorded as a nominee in the records of the Bank can only claim the amount in the account of the deceased. If there is any dispute, matter to be settled through court.

shrikant v. sathe (retired)     21 August 2010

Dear  Rajkumarji,

                                  According to banking rules and regulations, only one nominee is acceptable.When Late Mrs X  replaced the name of nominee, the first nominee automatically stands as cancelled, and the nominee whose name is replaced has a legal power  only to accept the money on behalf of all legal heirs.

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