Joint account either or survivor


my fathers brother & sister hold a joint savings account in a nationalized bank, it is a either or survivor basis a/c.

my fathers sister has issued a letter to the bank & blocked the account no no funds can be drawn.

can a bank block the account on anyone persons letter ?? , the bank had not informed the other holder till one chq that was issued bounced back with reason account blocked.

is it not duty of bank / manager/ staff to intimate to other party that one signatory has blocked the account?

there are some funds in this account to be distrubuited among several family members pls advise & advise best recourse.

rgds

harresh vasudev

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu