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nominations

(Querist) 25 November 2009 This query is : Resolved 
Mr. A a pensioner died without nomination having pension account with X bank now his wife gets the family pension. whose name is mentioned in the PPO (i.e. pension pay order) She has claim over the money credited in her husbands pension account. Is there necessity to fill up the form of disclaimer and indemnity bond by his sons and daughters who are major and married. Both the pension accounts are in the same bank.
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A V Vishal (Expert) 25 November 2009
Yes, the disclaimer and indemnity are required to be executed since the sons and daughters are also legally entitled for a share in all movable & immovable property of the deceased.
Sachin Bhatia (Expert) 25 November 2009
Yes there is necessity to fill up the form of disclaimer and indemnity bond.
Raj Kumar Makkad (Expert) 25 November 2009
This is the right procedure being adopted by bank in the given circumstances. Fill the form as desired.
joyce (Expert) 25 November 2009
Follows experts advice.
Jagdish Motwani (Querist) 30 November 2009
Thankyou Mr. Sachin, Mr. Vishal and Mr. Rajkumar for your expert advice.
adv. rajeev ( rajoo ) (Expert) 01 December 2009
yes it is mandatory.

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