LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Dev (NA)     22 December 2009

Handling joint fixed deposits during divorce

I am US citizen but got married in India. After 2 years of marriage, things didn't work out between us and my wife decided to move to England.
 
We are doing through divorce process where the divorce is filed in US court. There are some joint FD accounts in India. We are last stage of divorce and only thing holding up is the resolution as how to handle money in Indian bank accounts. None of us has plans to visit India anytime soon so can't break those FDs. I am willing to pay my ex the half of money upfront and after couple of months when I visit India, I can cash out those FDs. What sort of document she needs to sign so that bank will let me cash out these FDs in her absence?
 
Any help is really appreciated!!


Learning

 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading