Legal Question in Banking Law in India

i had nomination of the saving account of my parents but not for FDs which was made from saving acct. so balance of saving was paid to me after their death but fd amount was refused since nomination is not done one brother and one sister not cooperating please advice the remedy


Asked on 12/26/16, 11:16 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

27.12.2016

Dear Madam / Sir,

I guess I've already answered this very query earlier, but I will answer it again for the purpose of brevity. It is possible that your parents may have nominated your brother and sister as the nominee(s) in their Fixed Deposit(s). If you have copies of the Fixed Deposit Receipt(s), you can lodge a claim request with the Bank requesting them to clarify reasons or requirement(s) for you to comply before release of the FD's to you. Simultaneously, try to mutually resolve the matter with your brother and sister to sign a joint claim on your deceased parent(s) estate.

Regards,

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Answered on 12/27/16, 3:54 am


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