LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Azam Abbas   06 August 2015

Term deposit

In a term deposit held with a Bank in joint names of A & B with either or survivor clause, A dies, B wants:

1-The name of the deceased from term deposit should be deleted and the term deposit shall continue as it is in his name only.

2-A loan shall be sanctioned against Term deposit either after acceding to his request as mentioned above or otherwise.

I request the experts to give clear and elaborate answer. 



Learning

 1 Replies

Anjuru Chandra Sekhar (Advocate )     07 August 2015

You should ask the question like a person in need.  Not like an examiner asking a school boy.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register