Legal Question in Banking Law in India
Hi ,
my husband placed 20 lakhs on my name as fixed deposit and i am on the sole owner, can i claim the money to be mine even though the source of the income is not me?
Asked on 4/02/14, 6:36 am
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
Only on the FD application signed by you if the FD receipt has been issued in your sole name, you can claim the money whether or not you have no such income to deposit.
Answered on 4/02/14, 7:00 am
Fca Prashant Chavan
Expert Edge LLP
02.04.2014
Dear Madam,
Yes, the money placed in your name in Fixed Deposit is yours.
Regards,
Answered on 4/02/14, 7:55 am
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