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Distribution of balance from bank account after death of one of the account holders

This query is : Resolved 
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(Querist)
14 December 2024 Can a bank take the responsibility of distributing the money by demand drafts to all the legal heirs from an account where the first holder has expired and there is a joint holder, who is one of the legal heirs.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 December 2024 Bank will not take such responsibility.
As the account is joint account only the joint holder can only distribute.
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