nigam 07 August 2015
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.
G.L.N. Prasad (Retired employee.) 07 August 2015
I am surprised, as Bank has to accept Nomination of only one name alone. Depositor in case of death of nominee, has to give a separate form for cancellation and re enter name of nominee. Kindly file RTI Application and get the full particulars of various transactions made. As your grand mother is still living, the death of your father (nominee) makes no difference to the deposit.
The ball is in the court of your grandmother, in whose name the account stands for, and she is alone having the right to nominate and invariably ask her to obtain nomination registration acknowledgment.
You have no right what so ever against the Bank at this point of time, as your father is only a nominee, and depositor is still living.
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