Reg.. fd withdrawls of my late father

v nagaraju (Querist) 25 August 2015 This query is : Resolved
my father is having FD'S with KVB,LVB&SBH at hyderabad.iam carring 1)DEATH CERTIFICATE,2) FAMILY MEMBER CERTIFICATE( issued by THASHILDAR).with these documents LVB had cleared but KVB& SBH are probing to get SUCCESSION LETTER. when LVB had cleared why cant others do the same?
can you help me legally?

Follow Query

Report Abuse

Kumar Doab (Expert) 25 August 2015
Did the a/c have registered nomination?

If yes SUCCESSION LETTER can not be demanded.

If the a/c had no nomination then Bank can discharge by getting sureties,indemnity,disclaimer etc.

You may go thru RBI's:

Master Circular on Customer Services; Section: 19,20............

In both 'Forum' and 'Experts' section there is an option to search . Just type key words in box provided on Right hand side titled as 'Search Q & A' and ‘Search Topics & Posts' and you will get access to unlimited number of threads on similar topics..............

If you are unable to handle on your own seek support of your lawyer specializing in consumer cases.

Guest (Expert) 25 August 2015
Depends upon the amount of claim and the terms of the concerned bank.

Rajendra K Goyal (Expert) 25 August 2015
Succession certificate not required to claim proceeds of deposit in the accounts of deceased till there is no counter claim / dispute among claimants.

You can submit death certificate, affidavit, indemnity, disclaimer etc. and claim if no nomination exist.

If particular branch does not agree refer the matter to their head office.

Well advised, agree with the expert Kumar Doab.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries