Legal Question in Banking Law in India

claim of money againest fixed deposit in case of death, where the deased person nominated of his one son who is out side of city.the other brothers are entitled to get such amout? whath is th procedure?

Asked on 8/13/11, 9:40 pm

3 Answers from Attorneys

KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

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if the person has nominated someone than he can only claim

if he is out of station u can ask him to give power of attorney to u to rcv such amount .

Answered on 8/14/11, 9:12 am

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J. Radhakrishnan independent Practice

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The nominee may through his authorized agent by power of attorney can get the amount. According to recent Supreme court ruling, receipt by nominee would not bar the claim of other legal heirs to the amount. A suit can be filed for claiming the amount or succession certificate in favour of all heirs can be applied and injunction got against the nominee from receiving the whole amount

Answered on 8/14/11, 11:13 am

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