1) you cannot operate father bank account on his demise
2) apply for and obtain succession certifcate from district court in respect of father bank accounts
3) nominee is only trustee for legal heirs
Withdrawal of money from deceased person's account.
My father has passed away 2 years back and I have followed all the procedures for calming the money in my fathers bank account. one account is still active just want to reconfirm know once again can I operate my fathers bank account.where my mother and I are the nominees.there are no disputes regarding this issues between siblings.
Asked 2 years ago in Criminal Law
Religion: Hindu
14 Answers
You can not do so legally. You will have intimate the bank and bank will then give you authority to operate the bank account
You have to intimate the bank about the death of the account holder and as a nominee you can submit the claim form along with death'certificate and copies of identity proof, and the passbook, after which you will permitted to withdraw the amount.
if nominee is registered for the account then the bank must immediately release the money to the nominee
It will be a crime to operate a dead person's bank account. Please do not do it. Wherever you are the nominee, you may claim the balance in the account, but you still shall not be the sole beneficiary. You will hold the funds only as a trustee or custodian for and on behalf of all the legal heirs. Act with caution and patience.
Yes you can operate if you are nominees and bank is informed ability the death
Dear client, As you and your mother are the nominees of the bank account, you may operate your father's bank account. However, you will need to check with the bank to ensure that all the necessary procedures have been followed and that the account has been transferred to your and your mother's name as nominees. It is also important to note that you should keep all the necessary documents related to the transfer of the account, as these may be required in the future for any legal or tax-related purposes.
- Since, you both are nominee in the account , then the bank is under obligation to transfer the fund of the deceased account in the name of nominees.
- You can submit an application before the said bank after enclosing the death certificate of father and identity proofs .
- However, you cannot operate the account after keeping in dark to the bank and hence the information of his death should be given to the bank.
- Further, as there is no dispute, then the bank should not ask for Succession certificate from the court,
This is done doubt cleared. I have been asking people, they have been giving me quite confusing answers.one last question sir .when bank representative came to house to get signature of my mother for opening a account.she said she cannot go to bank nor operate the account. I guess she can do is using cheque and ATM card.Can I give a authorization letter written by my mother by her own handwriting or for this do I need to go to lawyer and take any special permission..for me to handle her account on her behalf as I will be the nominee and she would be the primary account holder.thank you to all the lawyers for clearing the doubts so far.
Asked 2 years ago
You can become a joint account holder along with your mother in either or Survivor basis.
In that case you can operate the account independently.
A nominee can receive the money after the lifetime of the account holder and cannot operate her account during her lifetime.
Joint account can be opened
you can then operate the bank account
nominee cannot operate bank account of holder
when I checked my pan card status in the income tax website I get "PAN is active but the details are not matching with PAN database. I followed the steps to get the issue corrected. I clicked on verify my pan I have raised the request as well with the income tax department.raised complaint in PG portal. I am just waiting for the resolution.so this is the problem.I went to the Income tax department as well. I will be following through as well this week.If I am not able to operate the account how will i pay the bills. I feel this error message is something not right. . .
Asked 2 years ago
File RTI application with income tax department as to what action has been taken on your complaint for rectification of PAN Card in database
The error in your PAN card will not invalidate your permanent account number.
You can quote the PAN card number whatever you have now.
If the error has to be rectified let, it take its own course to get it resolved, but that do not have to stop you from proceeding with the task lying before you.
You were advised to open a joint account on E or S basis along with your mother.
In the column PAN you are required to quote the number of your permanent account, the bank will let you know if the account number is incorrect, hence you do not conclude on your own about the consequential results.
Dear client,
If your mother is unable to go to the bank or operate the account, you can give her an authorization letter to allow you to handle her account on her behalf. The authorization letter should be written by your mother in her own handwriting and should clearly state that she is authorizing you to operate the account on her behalf. You do not need to go to a lawyer to get this authorization letter. However, it is important to note that you should always act in your mother's best interests and only use the account for her benefit.
Regarding your PAN card issue, it is important to resolve it as soon as possible. You have already taken the correct steps by raising a request and a complaint with the Income Tax Department. It may take some time for the issue to be resolved, but in the meantime, you may want to explore other payment options, such as online banking or payment apps, to ensure that you are able to pay your bills on time.
You need to follow up with them for the verification process