Inheritance of FD when Son Deposit FD in Fathers's name

2 years ago

Dear Lawyer Sir,

I need one advice , would be really grateful if you can give a precise answer or counter legal remedy

Subject:Inheritance of FD when Son Deposit FD in Fathers's name ,as per RBI nominee(son) is just a custodian

Context :
There is two legal hier son and daughter

Subject:Inheritance of FD when Son Deposit FD in Fathers's name
, Money invested is entirely of Son but technically in Father's name -neither dauther or Father invested any amount in FD

Son deposits 60 Lacs as Fixed deposit in fathers' name and Entire money is of the son , Not a single paisa is from any father source of income or dauthter source of income, Son is presenent as nominee

Now as per RBI , the nominee are just custodian of the money and not the owner or sole inheritor , so custodian technically means even though son is is nominee , this doesnot mean that technically ,son will get ownership of entire fd amount , in even of any sudden demise of father .
So as per RBI technically even daughter or all legal hier has eqal rights (in abense of clearly stated will )

Now , in this specific scenario Daughter is not there anywhere (wrt fd, neither deposited any amount nor present anywhere in fd) , Father didn't depost any amount in FD , Entire money is Son investment .

So the objective is entire FD principal and interest should be given to son in event of father demise ( as the money is fully invested by son , however notice that FD is in the name of Father, hence in eyes of law money in FD is entirely Father)

Now ,with above constraints , Can son legally claim all the principal and interest without any possibility of legal clash ?

if not what is the legal precautionary remeady (note writing will is not an option) ?