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How to recover money from my late father account
22-Jul-2023 (In Banking / Finance Law)
My father died 3 years back and he was working in central govt. and retired from there. Few months back we received some money in his account as final settlement. Since he is not alive we are facing problem in withdrawing money from his account. He left behind 3 sons and 2 daughters and wife.What is the correct procedure?
If there is nomination in your father's account then money will be claimed by the nominee. If there is no nomination then Bank will pay the money to the legal heirs of your father and you will have to file claim papers duly signed by all the legal heirs to the Bank.
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Adv. Rajiv Jindal
Ghaziabad | 25+ Answers
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