Consent letter to transfer balance to legal heirs

Querist : Anonymous (Querist) 06 November 2010 This query is : Resolved
My father expired recently leaving Rs 2.00 Lakhs in his fixed Deposit and saving account. He has not made any nomination and he has 5 children.

3 Sons (A,B and C)
2 Daughter (D, E)

A is having 2 sons(A1 and A2)
B is having 2 sons (B1 and B2)
C is having 1 son and 1 daughter (C1 and C2)

D is having 3 sons
E is having 1 son and 1 daughter

but B, C and D were expired long back.

We are HINDU's

Now if A(my self) want to take consent letter from who all ?

and what are all other documents to produce to get the money from bank ?

Please answer my two queries.

Follow Query

Report Abuse

Adv Archana Deshmukh (Expert) 06 November 2010
The bank may require you to produce the succession certificate. In that case you'll have to obtain it from the court.

Kirti Kar Tripathi (Expert) 06 November 2010
agree, bank may ask for succession certificate issued from court.

Parthasarathi Loganathan (Expert) 06 November 2010
Succession Certificate should be supported by Legal Heirship Certificate issued by the competent authorities will enable the bank to settle the death claims. Procedure is very very simple

adv. rajeev ( rajoo ) (Expert) 06 November 2010
Only on the basis of the consent letter from all the legal heirs of decease bank wont release the amount, you have to apply for the succession certificate and you can produce the consent letter from the other legal heirs to get the amount.

Khaleel Ahmed Mohammed (Expert) 06 November 2010
If your father has not nominated any body, you have to get succession certificate to claim the amount.

Raj Kumar Makkad (Expert) 06 November 2010
I do agree with Khalil

Rajeev kulshreshtha (Expert) 06 November 2010
I also agree.

s.subramanian (Expert) 08 November 2010
I agree.

Chanchal Nag Chowdhury (Expert) 08 November 2010
U have to take consent only from your brothers & sisters & not from their children.
The release of the money by consent + heirship certificate is discretionary. Approach the bank first with an offer for suitable indemnity but if the bank refuses,U will have to obtain either succession certificate or if your state law permits, a certificate from the Administrator- General.

Previous

Next

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

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries