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rajesh singal (xyz)     10 October 2016

How to claim money deposited in account of blood relation

Dear Expert, Is there any legal way by which i can re-claim my money deposited as cheque in savings/PPF account of a blood relative since several years. The blood relative is insisting that it was deposited by virtue of gift. so not returning.


Learning

 4 Replies

Anup kumar   10 October 2016

Less chance in favour of you .

Kumar Doab (FIN)     10 October 2016

Prove it was not gift.


(Guest)

File a civil law suit for recovery (small claims suit if money is small) and argue in front of judge using proofs that it was not a gift. Many types of proofs are admissible including witness statements, recordings, and even party's own statement will be tested through questions. If defendant can't prove to judge convincingly that it is not gift money, judgement will be given in your favor. 

Ms.Usha Kapoor (CEO)     11 October 2016

Dear Client,

 

                    Blood Relation means only there   are 9 specified blood relations.IN what way he is related to you by blood? The unclaimed deposit has remained inactive and inoprative and dormant over all these years.  NO ONE IS DOING ANY  DEBIT CREDIT TRNSACTIONS ONTHEM. sO FIRST gO AND MEET THE  bANK mANGER WHERE THE  ACCOUNT I STHERE AND TELL HIM THAT IF YOUR  BLOOD RELATION HAS  SENT YOU ANY CORROSPONDNECE  OR  ALETTER OR EMAIL SENT YOU LONG TIME BACK regarding his Savings bank account-show the bankManager that correspondnece or  the letter and request him to make it active again.Your request to the Bank Manager to make the  account active again should be in writing.Also tell him that your blood relation intends to gift away that amount lying in PPF/Savings Bank account Then Bank Manager naturally asksfor registered gift deed. NOW next if your  cousin is here  you meet him and  request him to execute  a registered gift Deed in  your favour.  If he is abroad tell him to transfer the  account in your name or at least make you a nominee  by writing  aletter to the Bank Manger. Once your account becomes active and the account gets transferred in your name either through transfer or through  nomination you can enjoy the whole amount lying in savings bank account all these years..If you appreciate this answer please click the  thank you button on this forum.


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