Legal Question in Banking Law in India
My mother passed away in India and left an FD without nominating anyone in a bank in India. The bank wants all the heirs to sign before it will equally divide the amount of the FD among us. Can I nominate my sister to get my share of the FD in my absence. What kind of form would I be required to sign ?
Asked on 9/14/12, 1:49 pm
2 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
You can authorise her to receive the share by executing an authority letter duly attested by Indian embassy/consulate.
Answered on 9/15/12, 1:21 am
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