Release Claim Form With Nomination
Description
How to fill out Release Claim Form With Nomination?
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FAQ
If there is no nominee and no joint holder If the savings account of the deceased does not have a nominee registered and is not a joint account, then the bank will pay the money to the legal heirs.
I request you to kindly update the information in their account with account number XXXXXXXXX and send the details to me at the same address. I have fulfilled the requirements asked to do as a nominee. I am attaching a copy of the death certificate and other relevant documents for your reference along with this letter.
If there is no nominee and no joint holder If the savings account of the deceased does not have a nominee registered and is not a joint account, then the bank will pay the money to the legal heirs.
Steps to follow to claim the FDContact the FD provider to get information about the account type.Submit the following documents: - Claim form. - Death certificate. - Succession certificate. - Indemnity bond.Choose to continue with the FD or liquidate it.
It isn't mandatory but it's always advisable to update the nominee on all your accounts including Term / Fixed, Savings and the overall value you keep / invest with the bank. If a nomination is in place, the bank would simply pay-off the amount lying in deceased's account to the nominated person.