Legal Question in Banking Law in India

my uncle has died and he had done the FD with the cluse either or surviour . so my question is that can we ask the money directly from the bankers by showint the death certifiate and the other documents.plz help


Asked on 12/30/09, 12:59 am

3 Answers from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

yes, as the account is either or survivor, the survivor may claim the amount.

Read more
Answered on 12/30/09, 1:36 am
Nagendra Naik LegalScrutiny

if survivor is nominee he can claim it by producing death certificate or else you need to to produce succession certificate. Email:[email protected]

Read more
Answered on 12/30/09, 7:44 am
J. Radhakrishnan independent Practice

If you are the survivor of the two named in the account of your uncle, you can operate the account. Even otherwise in an either or survivor , either of the persons if living can operate the account even without producing the certificate of death of the other..

Read more
Answered on 12/31/09, 6:26 am


Related Questions & Answers

More Banking Law questions and answers in India