banner_ad

Inheritance of fds and saving accounts

259 views 1 replies
Hi
My maternal grandfather demised on 7.8 18.
His assets are transferred to my maternal uncle but fixed deposits in his name still continue in his name as fds have not matured.
Do I have to show fds in grandfather's account? or do I have to transfer it to my uncle's account as on 31.3.19?
Also let me know what treatment do I have to do with savings account?
Replies (1)

The FDs should be transferred to legal heir's account with TDS deduction in heir;s PAN. Application to bank should also be made for removal of name of the deceased from savings account.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details