Legal Question in Banking Law in India
My father had been expired. At the time of death he had MIS,KVP.NSC,TD of post office having maturity amount of Rs. 400000.00 ( Rupees four lacs ) in these accounts. My father is 1st account holder and my brother is the 2nd account holder of these accounts. After the death of my father this amount was received by my brother. As per will of my father, my brother is 75% receiver of the amount and myself is 25% receiver of the amount.
Kindly told me in figure, how much amount I shall received from my brother.
Asked on 10/19/10, 8:54 am
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
your brother gets 300000 and you get 100000 and the interest earned would be divided in the same ratio
Answered on 10/19/10, 10:04 am
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