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Anandhakrishnan   01 December 2021

Ownership of the fixed deposit

Sir,

My elder sisters are no more and their children are living abroad.My mother who raised them is now living with me after demise of my father.My father has left some fixed deposits to my mother.

I wish to know as per law,who will be the legal owner of those fixed deposits after my mother.

 



 4 Replies

Anaita Vas   01 December 2021

If your mother names you as the nominee, you will be the legal owner of the fixed deposits. If she does not, you and your elder sisters will both get the legal ownership of the FD.

 

Regards,

Anaita Vas

 

 

Shashi Dhara   01 December 2021

She has right to nominee you and she has to draft will infaour of u also.

Anandhakrishnan   02 December 2021

Sir,

I wish to know who are the legal heirs of my mother.

It is to be noted that my elder sistes are no more and I am the only living son for my mother.

Shashi Dhara   02 December 2021

If she dies interstate you  ur sisters children's will get share ,so insist ur mother to make will infAour of you ,so ur sister children cannot claim any share.


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