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Queries Participated

Anonymous   30 September 2019 at 09:06

Dicgc cover incase of one joint account with multiple FD

Sir,

If my bank fails, I hold a joint sb account with my wife. By we hold multiple fds...2L fds in my name and 1.10L worth fd in my wife's name. Kindly let me know if we will get 1L or 2L dicgc cover.

Ram   12 August 2016 at 21:36

Transfer of one property through 50% sale and 50% gift

Hello Sir,

MY father and my uncle (his real brother) both have 50% share in a property. Now my uncle wants to sell his 50% share to third party known to us and my father wants to gift his 50% share to his son that is me.

My father and my uncle both are 80years and are not able to go to the registrar office, so we have to call the registrar home.

We are confused if my father who is the first owner becomes the confirming party and on the same day if he makes a gift deed then who will be the confirming party as my uncle would have already sold his rights to third party.

Kindly suggest.