bank fd transfer to nominee

mukesh (Querist) 04 August 2010 This query is : Resolved
A is a single person doesn't have wife or children.B is daughter of A's sister. C is son of B. C took care of A very well. A nominate C in his savings account. There is also a Fix deposit. In this FD no nomination created. A passed away. now bank is ready to give amount from savings A/c. But reject demand for FD. Now how can C get this FD amount?

Follow Query

Report Abuse

Guest (Expert) 04 August 2010
I am not sure of my answer to this post but if a WILL exists / a WILL there and says all benefit goes to C then it is doable.

Silent point here is that there is "no one there to challenge that produced WILL for FD benefits" well as per stated briefs he died leaving behind no relatives, no adopted child, had no marriage, had no custody of a ward so...!

BTW, I stand for correction of my advise by members.

Parthasarathi Loganathan (Expert) 05 August 2010
Bank can discharge its liability only on payment to Nominee

mukesh (Querist) 06 August 2010
Respected Parthasarthiji,
Please guide me how C can get FD money. If he can't get it legally How the bank can kept it. It is not bank's money it is Mr. A 's money.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now