Legal Question in Civil Rights Law in India

one jayaram was having an account in a fixed deposit scheme in sbi, tamilnadu in 1991. he also having a locker in the said bank, some jewels and original fd receipts were in the locker now. all of a sudden he was died in 1992. he had 5 children, 3 male and 2 female children. one female daughter was died recently., i.e 2013 . she has 2 daughter. the legal heirs now recovers the fd amount from the said bank. they submitted all relevant documents to the bank. but the bank officer ready to give back the jewels only but not ready to give the fd amount. because he said now they have no records of the said fd. what is the solution to get back both the jewels as well as fd amount?


Asked on 7/20/13, 1:08 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

20.07.2013

Dear Sir / Madam,

The Branch Manager at the State Bank of India cannot refuse the claim of Jayaram's legal heirs on all the contents of his locker ... his Fixed Deposit receipts, jewels and all other contents in the locker on the pretext that the Bank does not have records of the FDs. The executor of Jayaram's estate has to ensure that all his legal heirs get a fair share of the FD as on the date of encashment requested by the executor. At the most, the option before the Branch Manager of the concerned Branch, can credit the A/c of the beneficiaries, instead of giving cash across the counter. A request in writing on the above lines is recommended.

Regards,

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Answered on 7/20/13, 1:37 am


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