Jayanti Devi (Student) 17 February 2025

Bank locker agreement dispute

bank locker is in inoperative state for 5+ years.
in locker agreement name of mother son and daughter there.
mother expired
bank sent notice to son with new locker agreement requesting signatures of son and daughter.
Son signed but daughter stays out of state and refused to sign.
meanwhile bank freezed account as per new rbi guidelines due to non execution of locker agreement
bank clearly informed that without agreement execution bank wont allow to transact on account as per new RBI guidelines

Now, son cant transact on account. Account is in name of mother and son. mother expired but son cannot transact due to non execution of locker agreement.

What shud son do ? Any legal solution? becoz daughter is refusing to share her address also where communication can be pursued..and son cant transact on account.

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Quick Summary

A bank account linked to a locker, held jointly by a mother and son, has been frozen due to an outdated locker agreement. The mother has passed away, and the bank requires a new agreement signed by both the son and daughter. While the son has signed, the daughter, living out of state, refuses to sign, preventing the son from accessing his account. The advice suggests sending a legal notice to the daughter for cooperation, and if she remains uncooperative, pursuing a court injunction against the bank to allow the son to operate the account and renew the agreement without her signature.

4 Replies

T. Kalaiselvan, Advocate (Advocate) 17 February 2025

You issue legal notice to the daughter to cooperate for signing the fresh agreement as mandated by bank in this regard.

Let the notice be addressed to the last known address and be returned undelivered after which you can approach court with a suit for mandatory injunction against the bank seking direction to the bank to permit you to operate and renew of enter into fresh agreement without the daughter by following other formalities in this regard

P. Venu (Advocate) 17 February 2025

"meanwhile bank freezed account as per new rbi guidelines due to non execution of locker agreement"

What is the source of this information? Have you ascertained it is authentic?

Jayanti Devi (Student) 17 February 2025

yes bank branch refused to transact a withdraw.on calling customer care they confirmed a partial freeze on acccount to disallow transactions.

T. Kalaiselvan, Advocate (Advocate) 18 February 2025

If it is a joint account then either of the account holder can pass instructions to bank to freeze the account particularly if there's a dispute or concern about potential misuse of funds, but the bank will likely require a valid reason and may need to notify all joint holders.