Legal Question in Banking Law in India
An account opened jointly but operated by the condition of any one can operate. But unfortunately one of account holder expired. In this circumstances how another signatory will withdraw money or will operate the account. Please put your suggestions.
Asked on 11/17/16, 8:31 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
18.11.2016
Dear Sir / Madam,
Since the Account operating instructions are either or survivor, the surviving account holder can operate the account.
Regards,
Answered on 11/18/16, 3:03 am
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