Adopted daughter..
Shilpa Rani
(Querist) 04 January 2009
This query is : Resolved
Hi
I am raising a 6 yrs old girl from 4 yrs( adopted as my daughter not legally ).She is everything to me ..recently i got some money after selling my land inherited to me by my grandfather...i got DD from the buyer so i deposited that money into my saving bank account...my questions are:
1.can i fixed deposit that money jointly on my name and my daughter's name even she is not legally adopted daughter.
2.In future if she has to claim the FD money does she need to be major...or anyone on her behalf can get it..i mean her biological parents.
please give your inputs...
Guest
(Expert) 05 January 2009
You can deposit the money in the joint account with a clause of either or survivor, so that at the time of maturity, either your self or your daughter can take it and god forbidden, if any one does not survive, the remaining member without hitch can have the money.
Yes, a person has to be a major to withdraw the money. You can nominate some one reliable to you to withdraw that money at the time of maturity of FD if she is not a major.
