Fixed deposit Mode is Either Survivor


Dear Sir,

I am Married woman and My father and mother was passed away ,i have younger brother, for our future purpose my father arrange some fixed deposit in local bank were mode is either survivor .total 20 lac deposit is there out of 20 ,10 lac me and father and another 10 lac my brother and father,now my brother not provide my 10 lacs fd's orignal copy also bank denied for provide duplicate copy,also my mother and father not done any weel ,so kindly suggest way how solve this matter...what is RBI law for either survivor mode...? 

Regards

Pooja Goyal

 
Reply   
 
Dy Director

please write facts cogently.

 

All I could understand that

 

  1. your father died
  2. your father had on FD in which you are either or survival joint holder
  3. original FD is with brother.
  4. Brother has no stake or right in said FD.

 

please stated if it is correct

 
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Yes Sir,all points are right...

 
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Lawyer in Hyderabad.Email:ramachary64@gmail.com

 Every depositor is expected to preserve the FDR carefully. On due date depositor(s) is/are required to discharge on the FDR with a view to getting payment of maturity proceeds either in cash or by crediting his/her/their Savings Bank/Current Deposit Account with the same branch. Convince your brother and grab it.

 
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Yes sir I know that,also I have detailed fd statement.....kindly give ur suggestion ...what I doo next..?

 
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retired banker

There are two ways.  One is to settle the matter amicably by involving elders who can convince him that his act is not justified and it has to be returned to you. 

The other way is to threaten him that you will lodge police complain for holding the FDR illegally.

Third one is convince the bank that you will an indemnity for issuing a duplicate FDR along with another guarantor. 

 
Reply   
 
Manager (Admn)

Madam, 

You may  put an request appeal with the Banker not to disburse the payment of FDs on maturity  or any loans since you are also a legal heir for the amounts.  And also attach your father's death certificate copy to the letter.

 
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