Deduction of interest on premature closure of fd due to death

SAMIR SHAH (Querist) 03 May 2012 This query is : Resolved
MY FATHER WAS HAVING A TAX SAVING FD WITH UBI WHICH WAS TAKEN OUT 13 MONTHS BACK. HE EXPIRED NOW AND AS PER THE PROVISIONS OF LAW I BEING THE NOMINEE CLAIMED THE PROCEEDS. IT WAS DUE TO DEATH OF THE DEPOSITOR THE SAID FD IS PREMATURELY CLOSED. AS PER IT ACT THERE WONT BE ANY REVERSAL OF DEDUCTION. CAN THE BANK CHARGE ME PREMATURE CLOSURE CHARGES IN THIS CASE AND IF YES AT WHAT RATE. IS THERE ANY CIRCULAR OR NOTIFICATION IN THIS REGARDS. PLS DO GUIDE.

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