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Procedure for making gift deed

Others 337 views 1 replies

Hi,

     Our father passed away last month. My Brother and I are the legal heirs.

My brother was the nominee in all my fathers Bank accounts and he has already received  in his account. 

I wish to relinquish my claim on this money that my Brother has received as nominee.

Do I simply give it in writing to my Brother or do I have create a gift deed on Stamp paper. Does the same need to be registered also ?

 

Thanks,

Shanti

Replies (1)

For any bank deposits or balance amount, no need to register it, unless any immovable property or assets also involved.

Notarized deed is sufficient.


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