Unclaimed p.p.f.account of my late father
Prakash Patel
(Querist) 07 November 2023
This query is : Resolved
sir,My deceased father's P.P.F.account in S.B.I.despite of presenting of will,the bank wants application form,affidavit,letter of disclaimer,bond of indemnity.the suggested procedure by bank is expensive and time consuming. I .want to know that if the bank is right.Why the BANK NOT accepting the will.
Please suggest.
Isaac Gabriel
(Expert) 07 November 2023
Alternatively, you can produce the legal heir certificate and make a claim.
kavksatyanarayana 
(Expert) 07 November 2023
If you are a legal heir to your father, how can they believe that you are his daughter and who are other legal heirs? They can ask as per the RBI guidelines and procedure. You obtain all the necessary details as early as possible. You should produce the legal heir certificate of your father, a death certificate, and an Affidavit by you and other legal heirs and application for claim.
T. Kalaiselvan, Advocate
(Expert) 08 November 2023
What is the problem for complying with the legal requirements that the bank has instructed you to oblige.
the money should not go into wrong hands hence the rules are strict about it, you cannot think of the shortcut method.
Will is not the authentic document to establish your relationship and your claim.
