samson daniel
11 April 2011 at 15:43
My father had nominated me for his Bank Of Baroda saving account and died of heart attack, I have the original copy of the nomination form but now the bank is asking for my other three brother’s signatures and making my case more complicated and not transferring my fathers fund to my account. Is my brother’s signature required?
But Central Bank Of India has already given me a demand draft of 1,50,000.00 /- with out any problem. The amount in Bank Of Baroda is 9,50,000.00
The below rules I got from the internet but could not under the details.
Nominee of bank account does not get succession rights
The Supreme Court (SC) has clarified the nominee of a depositor in a bank does not get ownership of the money in the account after death of the depositor. The nominee gets exclusive right to receive the money lying in the account. It gives him all the right of the depositor as far as the depositor's account is concerned, according to Section 45ZA of the Banking Regulation Act. But the banking law is not concerned with the succession. The money in the account will form part of the estate of the deceased depositor and devolve according to the rules of succession. In this case, Ram Chander vs Devender Kumar, one son was the nominee of his mother. After her death, he claimed he was the owner of the money in the account, to exclusion of his brother. The same rule will apply to government savings and other investments.
Please let me know in easy words are my brother signature required.
Thanks,
Samson Daniel
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Can i bail myself paying cash to the court.
My Building Owner and there family members are filing false complaints against me iam staying in pagadi rent flat since last 25 years Dombivli West After my father death he stopped accepting rent. I filed a case in Kalyan Court and paid the rent.
But the case being civil matter the police can not help they come to my house and take me to the Vishnu Nagar Police Station Dombivli - West for inquires some time they even threaten me iam frightened. The court does issues STATUS QUO to be maintained by the Owner.
IF IAM ARRESTED AND PRESENTED IN THE KALYAN COURT CAN I BAIL MYSELF BY PAYING CASH TO THE COURT.
I HAVE NO ONE IN MY FAMILY THEY ARE ALL STAYING IN MY NATIVE PLACE.
Please answer me Please iam worried.