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In all the claims above ? 50,000/- the claimants will have to execute a stamped letter of declaration, along with stamped and notarized affidavits from two independent persons well known to the family of the deceased and acceptable to the Bank or any account holders of the Bank known to the family of the deceased.
Mention name of the deceased and date of expiry. In case person is missing/not traceable (i.e., whereabouts of person is unknown for more than 7 years an order/certi?cate of legal death/presumption of death may be issued by Court) mention date since missing.
Proof of death of depositor i.e. copy of death certificateof depositor, Photograph & KYC of. Letter of Disclaimer (Duly stamped & Notarised) Annexure-A, Letter of Indemnity (Duly stamped) Annexure-C. Declaration as per point no.5 in application form. ( Form No.33 Revised)
A death certificate, ID proof and account details must be provided to the bank to notify them of the death. Legal heirs will receive the proceeds from the deceased account if there are no debts owed to creditors. Furthermore, creditors would recover the account balance if there was an unpaid debt.
Ans: - Depending on the amount of claim, the following documents need to be submitted. i) Photocopy of Death Certificate (original to be produced for verification by the bank). ii) Photographs and KYC documents of all the claimants/ legal heir(s), (Original documents to be produced for verification by the bank.)