Legal Question in Banking Law in India

Bank records.
My grandfahter was having a bank account in syndicate bank. He died in January 1996. The bank manager says this account was closed in 1997. But he is not answering how it was closed. He says old records are not available now. It has been 12 years since my grandfather died. Please advice how many years banks should compulsorly hold the records before destroying.

Asked on 3/10/08, 5:22 am

3 Answers from Attorneys

G. M. Gupta gmguptaandassociates

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Re: Bank records.

its bank policy and you can ask them by right to information application.

alternatively u can file case

Answered on 3/11/08, 4:41 am

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Vivek Mapara Vivek N. Mapara

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Re: Bank records.

Banks are bound to atleast preserve all account details, if not transactions details. So they should have those how the account was closed. If they fail to satisfy your service then file complaint in banking obsudman, or RBI, you will get quick and promot reply.

Feel free to contact

Answered on 3/11/08, 6:48 am

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