Easy Office

DEATH OF THE FIX DEPOSIT HOLDER BEFORE MATURITY

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 December 2021 My mother died in august 2021. She was holding fix deposit @9.25% in a bank with the maturity date of in 2025. Being a nominee I don't want to break the fix deposit since the interest was on higher side. I want the same fix deposit to be transferred in my name with the same interest rate. Is is possible to do so. The bank is refusing to do the same. Please advice.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
06 December 2021 If bank do not agree to continue the FD in your i.e. nominee's name, no alternative.
Profile Image

Support Quickforex

Profile Image

Support Quickforex (Querist)
08 December 2021 Hello Sir,

Is there any other way-out to continue the fix deposit till maturity.



Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
08 December 2021 ANY LEGAL DISPUTE FOR APPOINTMENT OF NOMINEE....
Profile Image

Support Quickforex

Profile Image

Support Quickforex (Querist)
08 December 2021 Sir
No dispute whatsoever. I am the sole nominee. Its just that the rate is high @9.25 and I don't need the funds now.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
08 December 2021 NO other legal option, but to request the bank to continue the FD as per recent terms.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links