Transfer Of Funds From Deceased Person SBI Bank Account Without Nominee

Asked in Banking

  • Shyam Singh

    Bhopal

Expert's Answers(5)

  • Ganesh Balasundaram

    Chennai, Tamil Nadu
     

    Hi You have the legal Heir Certificate

    January 2, 2021
  • Advocate Anik

    Bengaluru, Karnataka
      66 Client Ratings

    Hi, You will need a copy of the will or other verifiable proof of the amount he owed you, so it can be handled by the executor of his estate. If you are a legal heir of the deceased, you will need to obtain a succession certificate.

    December 31, 2020
  • Advocate Anshul Kulshrestha

    Noida, Uttar Pradesh
      9 Client Ratings

    Where there is no nominee or the account is not joint, the legal heir may need to produce a copy of the WILL or there has to be a succession certificate in place. In case there is no claimant than the bank may transfer the account to a dormant account.

    December 31, 2020
  • A.Taj

    Mysuru, Karnataka
      1 Client Ratings

    you can take succession certificate from court.

    December 31, 2020
  • Advocate J L Naagar

    Jalandhar, Punjab
      169 Client Ratings

    Since the amount so heavy Bank will require you to obtain a succession certificate. Because neither there is Will nor Nominee is appointed therein. Also consult the RBI Guidelines for more clarity. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

    December 30, 2020