Sister as nominee
2 years ago
Woman passed away with Rs 20L FD. She was married but her husband had passed away few years before and she does not have children. And she had already made her sister as nominee for this FD. Apart from sister can anyone else from husband's family claim this amount?
A.Dear Client,
As per the facts stated, the sister is the only one who has the right over the FD as she is the nominee.
As per the facts stated, the sister is the only one who has the right over the FD as she is the nominee.
Helpful
Helpful
Share
A.Dear Sir,
It has to be paid to the nominee without any further questions.
Helpful
Helpful
Share
A.Dear Client
If the sister is already made and recorded as nominee with the bank then only the sister can claim this amount and no one else. If anyone else tries to do that the bank will not cooperate as that will be against the norms.
If the sister is already made and recorded as nominee with the bank then only the sister can claim this amount and no one else. If anyone else tries to do that the bank will not cooperate as that will be against the norms.
Helpful
Helpful
Share
Read Related Answers
Loan
Dear Client,
A co-applicant/borrower is equally liable for repayment of the debt if the principal Borrower fails to repay it and if after exercising all the steps for recovery of debt against the Bor...
Compassionate appointment
Dear Client,
The SBI rules can not be breached. it could be the policy of the bank to not hire anyone. Please check with the rules and guidelines for heiring employees
Education Loan OTS
Dear Client,
Try to go to the online portal of the said bank and complaint about grievance through the same. it is advisable to repay the loan amount within the stipulated time or you may face seizur...
Sbi account put on stop by cyber security
Dear Sir/Madam,
Under the following provisions the Hon’ble Magistrate Court having ample powers to unfreeze the Bank accounts. Further, the Hon’ble Court has vast powers to hand over the properties/v...
My bank account got freezed
Dear Client,
Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
Read Blogs on Banking
Banking Lawyers
Find Lawyers by Location