Deceased person's property
Kavit
(Querist) 11 December 2009
This query is : Resolved
I want to know that how to claim amount of deceased person which is lying in his/her bank account. In which there is no nominees and no one is joint holder.
A V Vishal
(Expert) 11 December 2009
How are you related to the deceased person. In case of no relation the bank can refuse payment to you. However if you are a legal heir then you must produce a succession certificate in case there is no will of the deceased and if he has left a will the same needs to be probated by the executor named in the will.
niranjan
(Expert) 11 December 2009
I agree with Vishalji.
Y V Vishweshwar Rao
(Expert) 11 December 2009
1-What is the amount of Deceased in deposit with Bank ?
2- To Certain limits the Bank/s will release the amount on indemnity of Third parties . But it is up to the respective Bank/s Limits / Norms
3- Amounts to be claimed as per Personal Law /Hindu /Mulsim Personal Law/Succession !
Jayashree Hariharan
(Expert) 11 December 2009
How are you related to the deceased person, pls let us know.
Raj Kumar Makkad
(Expert) 11 December 2009
The relationship with the deceased is to be established by cogent evidence as per abnks norms and if found genuine then accumulations of deceased lying in account can be release subject to submission of indemnity bond.
