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kishore kumar   25 October 2024

nominee not mentioned in bank FD but in will

Mother did not make any nomination in the bank fixed deposit but in her notarized will she has mentioned that she has willed the deposit to her daughter as per her wish.
Please tell me -
Should the bank pay the deposit amount to the legatee of the deceased on the basis of the will or will it be necessary to bring the certificate of legal heir from SDM court or civil court?
Thank you.


Learning

 4 Replies

T. Kalaiselvan, Advocate (Advocate)     26 October 2024

The Will should be enforced as per procedures of law if the Will has come into effect.

Advocate Bhartesh goyal (advocate)     26 October 2024

Deceased daughter has to inform to Bank that deceased account holder has executed a will in her favour so do not release funds of deceased  F.D to anyone till submission probate certificate of will.File petition before Court to grant probate on deceased will.

 

kishore kumar   26 October 2024

Thanks a lot to respected forum members Sri T. kalai seven Sir, Sri Bhartesh Goyal Sir and Sri Rama Chari Rachakonda Sir for their valuable information and advice.
Thanks again.

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