Can he withdraw money without my presence at bank ?

Querist : Anonymous (Querist) 05 July 2017 This query is : Resolved
MY GRAND FATHER DEPOSITED SOME MONEY IN A BANK IN FIXED DEPOSIT SCHEME WITH MEAS SECOND HOLDER AND PAYABLE TO EITHER OR SURVIVOR, NOMINATED MY UNCLE AND NOW MY GRAND FATHER TOOK SIGNS ON THE FD BOND THAT TOO AT HOME AND TOOK AWAY ALL AMOUNT FROM MY ACCOUNT ON ITS MATURITY , IS THAT EVEN POSSIBLE TO WITHDRAW THE AMOUNT WITHOUT MY PRESENCE AT BANK …? WILL A SINGLE SIGN ON BOND ENABLE TO WITHDRAW MONEY FROM THE DEPOSIT ON MATURITY???
PLEASE LET ME KNOW

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Rajendra K Goyal (Expert) 05 July 2017
The account was with a mandate either or survivor, any of the account holder can withdraw / operate the account.

Rajendra K Goyal (Expert) 05 July 2017
Sorry, it was anonymous query.

Kumar Doab (Expert) 05 July 2017
The posts of Mr. Rajendar K Goyal are sufficient.

Querist : Anonymous (Querist) 05 July 2017
if its jointly fixed deposit ? my presence is required at bank ?

Sudhir Kumar, Advocate (Expert) 05 July 2017
Given facts show no wrong to have been committed.

Advocate Bhartesh goyal (Expert) 05 July 2017
Agree with Mr sudhir Kumar.

Sudhir Kumar, Advocate (Expert) 06 July 2017
Even if some wrong was committed.

then

Are you intending to use the free advise of this forum to punish your grandfather for withdrawing the money (his own money) and taking it back?

Are you going to punish him for the attachment he had shown to you (which you seems to have lost) at the time of deposit and later realised his folly before his death?

Do you really think that the experts at this forum may be willing to give free advise on this project.

Kumar Doab (Expert) 06 July 2017
Query by anonymous, sufficiently replied by Mr. Rajendra K Goyal in the beginning.
If you have issues approach your own very able local senior counsel specializing in such/civil/consumer matters for a considered opinion, and also contemplate on funds that owned by senior grandfather..

Rajendra K Goyal (Expert) 07 July 2017
You have no claim of any type against the Bank or your grand father. In the given facts it was a perfect legal transaction.

Kumar Doab (Expert) 07 July 2017
The grandfather has also taken your signature on FDR.

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