Death Claim Settlement Procedure in Bank:बैंक में Death Claim Settlement का पूरा प्रोसीजर
In a Joint account where main account Holder is deceased:
The claimant must submit the written intimation as soon as possible to the Bank for to initiate the claim processing.In the above situation, if main account holder is deceased then the settlement is depends upon the mandate of mode of operation in the account.
If mode the mode of operation is Either or Survivor, then the Joint holder has the full right on the Balance of the account otherwise NOC from the legal heirs of deceased is required.
Documents are required to submit to the Bank for settlement of the claim.
In a Saving account where account is having nomination:
The claimant must submit the written intimation as soon as possible to the Bank for to initiate the claim processing. The settlement of the claim will be done in favour of the nominee.
Documents are required to submit to the Bank for settlement of the claim.
In a account where account holder and nominee all are died:
In this case the settlement will be done in favour of the legal heirs. If legal heirs gives NOC in favour of any claimant then settlement will be done in favour of claimant.
Documents are required to submit to the Bank for settlement of the claim.
If the account is not having nominee:
In this case the settlement will be done in favour of the legal heirs. If legal heirs gives NOC in favour of any claimant then settlement will be done in favour of claimant.
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