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Jayanti Devi (Student)     02 January 2024

Joint savings account

2 brothers have joint savings account in a reputed bank but due to a dispute the account has been frozen and no transactions are being made although some amount of money is lying in the account. 

Now bank has requested a re kyc from both individuals to open the account for further transactions . 

In the meantime, one person has expired and only one person is alive. 

The account is lying in a frozen state. 

Can the alive person use the other persons death certificate to do a re kyc and open the account and take the remaining money? 

No will has been written by the person expired and almost a lakh is still lying frozen in the account. 

 



 1 Replies

T. Kalaiselvan, Advocate (Advocate)     03 January 2024

If it was operated as either or Survivor basis, then the other account holder can proceed in the manner you suggested.


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