Dispute over distribution of Saving Account Amount
3 years ago
I had a joint account with my late father (who expired around 6 months ago) on " Either or Survivor" basis.
Does my mother or brother have any claim on the amount in the account?
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
According to general bank protocols, after the death of the joint account holder, the amount will be now completely be with the surviving account holder.
However, if a bank operates with 'tenancy in common rule', then the amount will be distributed according to the will of the deceased.
According to general bank protocols, after the death of the joint account holder, the amount will be now completely be with the surviving account holder.
However, if a bank operates with 'tenancy in common rule', then the amount will be distributed according to the will of the deceased.
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A.Hi,
According to general bank protocols, the amount will be now completely be with the surviving account holder. However, if a bank operates with 'tenancy in common rule' , then the amount will be distributed according to the will of the deceased.
According to general bank protocols, the amount will be now completely be with the surviving account holder. However, if a bank operates with 'tenancy in common rule' , then the amount will be distributed according to the will of the deceased.
Helpful
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