Legal Heir

In my view, upon informing the bank and submitting d death certificate the deceased s name will be struck off and the proceeds will accrue to the surviving holder. However bank may ask for an undertaking cum indemnity for which they would provide d format.

Joint accounts are opened in two modes.Under mode 1: either or survivor can operate, which means either or the account holder can operate.Even if one of them dies, the other joint account holder can operate to withdraw money, but the account needs to be closed. In second case wherein the mode of operation is strictly jointly, wherein signature of each of account holders is required for operation. In these types of account, when one of the account holder dies, his nominee (stated while account opening form is filled) and other account holder come together to operate the account for withdrawal of money and account is closed. If nominee is not mentioned, then the legal heirs have to apply in court and get notification from court as legal heir of the deceased and operate the account to withdraw balance in account and final closure.

In my view you need to look at this RBI master circular.https://m.rbi.org.in//scriptts/BS_ViewMasCirculardetails.aspx?Id=5830&Mode=0

Kindly refer to point 4.4.2. The rights of a nominee with reference to a joint account including either or survivor arise only after the death of all the joint depositors.