• Account settlement by a Nominee

My mother passed away few months back. She had a savings account and some fixed deposits in Indian Bank in Mumbai. Recently I found out she had made me nominee for these accounts. 

Firstly other than photos of her passbook and FD receipts, I don’t have any other documents. Secondly I am an NRI living in the U.K. but not an Indian citizen anymore. I don’t have documents like Aadhar card. 

Looking for some answers how to close my mother’s bank accounts, what documents would be required and how to transfer the money to my U.K. bank account.
Asked 1 month ago in Civil Law

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9 Answers

Nominee is only trustee for legal heirs 

 

2) you would need to obtain succession certificate from Bombay high court 

 

3) bank would ask for original FD receipts to make payment.

 

4) you can apply for Aadhar card 

Ajay Sethi
Advocate, Mumbai
97238 Answers
7852 Consultations

The procedure of remittance of money from the deceased to her legal heirs varies from bank to bank.

You will have to first get in touch with the concerned bank and seek information of its requirement.

If you fail to get those required documents then you can seek help of an advocate for further recourse . 

Devajyoti Barman
Advocate, Kolkata
23280 Answers
517 Consultations

1. Your mother's death certificate alongwith her details of savings account and fixed deposit receipts and family tree or legal heirship certificate are to be submitted along with your ID, such as passport, DL, etc.

2.  Nominee is only a custodian and the proceeds of the savings account and fixed deposit amount have to be equally distributed to all the legal heirs. The rights of the legal heirs supercede the rights of nominee.

3.  Application for closing your mother's SB and FD accounts have to be submitted in the prescribed form along with the documents mentioned under (1) above. Please contact your bank regarding the procedure for transfer of amount to your U.K. Bank account.

Shashidhar S. Sastry
Advocate, Bangalore
5425 Answers
330 Consultations

To settle your late mother’s Indian Bank accounts as a nominee:


  1. Contact the Bank: Call the branch where the accounts were held.

  2. Documents Needed:

    • Death certificate (original/certified copy).
    • Your passport (identity and address proof).
    • Proof of nomination (passbook/FD receipts).


  3. Attestation: Get documents notarized or attested by the Indian Embassy in the UK.

  4. Submission: Send documents to the bank via courier.

  5. Repatriation: Funds will be released to your NRO account, from which up to USD 1M/year can be remitted abroad.

  6. Tax Compliance: Settle Indian taxes on the funds before transferring.

  7. Professional Help: Consult a lawyer or advisor for smooth processing.

This ensures closure and transfer to your UK account efficiently.

Shubham Goyal
Advocate, Delhi
335 Answers

Dear Client,

In the Present Scenario, in order to close your late mother's bank accounts, and transfer the funds to your UK bank account, you may need several documents for the process. These include your mother's death certificate, identity proof, any proof of relationship, passbook, and so on. Further, as an NRI, you would be required to provide a proof of your NRI status, such as your valid passport or visa. After you get such documents ready, you may approach the branch of the bank where the accounts are held, and submit the requisite documents, along with filling the necessary forms. After this, on satisfaction that all the process have been duly followed, the bank would verify the details and thus process for closing the accounts. However, for transferring the funds to your UK Bank account, you would need to submit certain forms to ensure compliance with the Indian tax laws. Such transfer would be made from an NRO or NRE account, depending on the type of accounts your mother held. For this, the bank may charge an amount of fee, and the exchange rates, as on the date of transfer. Besides, as a nominee , you are entitled to claim the funds, but this does not automatically make you the legal heir, if there are other heirs and where distribution would be according to the succession laws of the country.

Hope you find this answer beneficial for resolving the dispute.

Anik Miu
Advocate, Bangalore
10285 Answers
121 Consultations

The FD receipt,  photocopy of the passbook and your passport copy and other details to establish your relationship with your mother,  her death certificate  should suffice to submit the claim form to claim the amount held in your deceased mother's bank account. 

If you are required to comply with any other requirements as instructed by bank may be complied accordingly. 

T Kalaiselvan
Advocate, Vellore
87436 Answers
2348 Consultations

You will have to inquire with the bank

There is nothing legal involved in your query unless the bank refuses to release the fund 

I don't think an Aadhar is required. At the highest the bank may require you to submit an affidavit 

So first you will have to make inquiries with the bank

If the bank refuses or imposes unreasonable terms for the release then you may post a query here or seek legal help

Yusuf Rampurawala
Advocate, Mumbai
7721 Answers
79 Consultations

-  Since, you are a nominee in the account of mother , then bank cannot refuse to transfer the saving account amount . 

- However, without the originals of FD  and consent of mother , you cannot break the FD and withdraw the amount. 

- The bank may required a succession certificate from the Court for getting the amount of FD after the demise of mother.

- You can engage a lawyer for filing the petition in the Court for getting succession certificate. 

Mohammed Shahzad
Advocate, Delhi
14641 Answers
224 Consultations

You being her legal heir can close he account but the proceeds needs to be transferred to the legal heirs equally or as per her will 

Prashant Nayak
Advocate, Mumbai
32660 Answers
207 Consultations

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