My mother's name not being added in bank account in place of my demised father
nigam
(Querist) 07 August 2015
This query is : Resolved
My father's name is in nominee of a bank account, the other nominee is my uncle and account is in name of my grandmother. After death of my father we asked grandmother & uncle to sign on the bank application form for adding my mother's name in place of my father's name. But they denied. And are using all the money being deposited(fixed rent is being deposited) in the account. My father shared equal right over the money in account.
What should I do further? Kindly help me.
Guest
(Expert) 07 August 2015
You need not do anything, as your father was merely a nominee of your grand mother, not sharing any right during the life time of your grand mother. Your grand mother can nominate someone else also and enjoy the right even to remove the name of your uncle as a nominee from her account.
P. Venu
(Expert) 07 August 2015
What is the property rented out? Did it belong to your father?
Guest
(Expert) 07 August 2015
First Obtain Legal Heir Certificate and Proceed Legally.Nominees could be Legally held responsible for Misuse of Money and Even the Bank Could be held Responsible.Consult your Local Good Advocate.
Guest
(Expert) 07 August 2015
Dear N.J.S. Rajkumar,
The account holder, his grandmother is still alive. Hence, question of use or misuse of money by any nominee does not arise during the life time of the account holder, as any nominee does not enjoy any right to withdraw money out of the account unless duly authorises.
Guest
(Expert) 07 August 2015
Respected Mr.P.S.Dhingra Sir,Yes it is my mistake.Thanks for the Correction Sir.
Kumar Doab
(Expert) 07 August 2015
If the nominee has deceased the owner of the a/c has full right to add anyone's name in nomination as many times.
Nominee has no right on funds in a/c of owner of the a/c, during the life time of the owner of a/c.
Guest
(Expert) 07 August 2015
Dear N.J.S. Rajkumar.
Not as a matter of pointing out any mistake, rather, it was my attempt to draw your attention towards a hidden point, as the author did not specifically mention that her grand mother, the account holder, was still alive. It could only be detected from a hint, where he pointed out that her grand mother refused to change the nomination in favour of his mother, when he stated, "After death of my father we asked grandmother & uncle to sign on the bank application form for adding my mother's name in place of my father's name. But they denied."
Guest
(Expert) 07 August 2015
Agreed with Respect Mr.P.S.Dhingra Sir.
Guest
(Expert) 07 August 2015
You are welcome dear.
Guest
(Expert) 07 August 2015
Thank You Sir.
Rajendra K Goyal
(Expert) 07 August 2015
Well advised, agree with the expert PS Dhingra ji.
H.M.Patnaik
(Expert) 07 August 2015
Very well analysed and advised by Mr. Dhingra.
Dr J C Vashista
(Expert) 09 August 2015
Very well advised by expert Sh. PS Dhingra, no room left to add.
