han (ceo) 19 October 2010
hi my aunt left me a fd with my name as nominee in the fd but now my uncle say's that nomination doent mean i can take the money but only the legal heir can take the money from the fd!? so pls clarify im the nominee on the fd but im not the legal heir as my uncle is the legal heir so who can legally take the money???
p.s(the fd is with me at my house and my uncle is askin for it so wot can i do ???)
niranjan (civil practice) 19 October 2010
Nominee is only trustee and you cannot own that money.Legal heir is entitled for that money.
SACHIN AGARWAL (ADVOCATE) 19 October 2010
Parthasarathi Loganathan (Advocate) 31 October 2010
Bank can discharge its liability in the premises of Agent - Trustee relationship. Only nominee will be eligible.
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