Continuation of Deceased Bank Account
This query is : Resolved
28 November 2023
Sir,
A & B are joint bank account holders, A being first named. A has expired and deceased claim been submitted. However kindly advise :
A. Whether Banj account can be continued by the joint account holder?
B. Is there any banking guideline be pertaining to this?
Kindly Advise.
Thanks & Regards
A & B are joint bank account holders, A being first named. A has expired and deceased claim been submitted. However kindly advise :
A. Whether Banj account can be continued by the joint account holder?
B. Is there any banking guideline be pertaining to this?
Kindly Advise.
Thanks & Regards
28 November 2023
Joint Bank Account rules on death, the other joint account holder can operate the account upon the demise of the primary account holder.
28 November 2023
Thank You Sir! However kindly advise how long the account can be operated by Joint Account Holder?
28 November 2023
It can be operated by Joint account holder till his life time.
28 November 2023
Thank You Sir for prompt response!
Kind Regards
Kind Regards
28 November 2023
Sir,
Is the position same in the case of Demat Account as well ?
Thanks & Regards
Is the position same in the case of Demat Account as well ?
Thanks & Regards
29 November 2023
Yes in case of joint demat account.
29 November 2023
Thank You Sir!
Kind Regards!
Kind Regards!
29 November 2023
You are welcome...
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