Asked in Financial services regulation
if bank is not ready to hear in that caseThe court issues the succession certificate and based on the court decision the bank amount will be handed over
the nominee of a depositor in a bank does not get ownership of the money in the account after death of the depositor. The nominee gets exclusive right to receive the money lying in the account which will be distributed as per the legal provision.
It is for your Mother now to manage the things. But as on today no one else has the right and power to question. Your mother is the sole authority to take decision. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.
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