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Post Office Deposit claim by Nominee after Holder deceased


17-Jul-2023 (In Banking / Finance Law)
Post office made minor daughter of my sister-in-law as a joint holder of post office account along with my mother-in-law without any KYC documents in Yr 2015. In that account, nominee is my wife. Now my mother-in-law has died, and we dont have the passbook but a police diary which was filed accusing my sister-in-law of stealing the book from mother-in-law before her death, even she has withdrawn the monthly interest using minor holder's signature. On basis of police diary, we got access to the account information & submitted claim after complaining the matter to the ASP Divisional office of post. The post office is in big time fraud & is now delaying the claim process. Almost 25 days over. Who will get the money? The minor holder or the nominee? Is there any way the parents of minor can challenge the nominee claim?
Answers (1)

Answer #1
669 votes
MY OPINION THAT i have follow your issues ,and i think that there are so many frauds have done by the holder which is misuse the vesting power in fraudulent way /ways and as well as depriving the original issue holders, the nominee, according to law of conscience the nominee is the real present holder and no claim can be challenged by any way,it is legitimate issue.
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