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DECEASED ACCOUNT HOLDER
Mother nominated son in her savings bank a/c, but both died, father faced long delay in getting funds; Consumer Commission orders Rs 10,000 compensationErnakulam, Kerala: Husband faced challenges and long delay in accessing late wife’s savings bank account as nominee died; Consumer commissi...- Wife got late husband’s job on compassionate grounds, she left mother-in-law alone and remarried; Rajasthan HC orders 25% salary for mother-in-lawWife got late husband’s job on compassionate grounds, she left mother-in-law alone and remarried; Rajasthan High Court protects her and ord...
- Deceased father's Rs 2 lakh PMSBY insurance payout denied after his name and age mismatched in records; son fought in consumer commission and won Rs 2.5 lakhA deceased father's Rs 2 lakh PMSBY insurance claim, rejected by the insurer over mismatched name and age records, has been upheld by the C...
- Estate planning: Why passing on wealth during your lifetime can be a smarter succession strategyGifting and charity, in cash and kind, during one’s lifetime offers the scope for creating shared experiences of celebration, travel, enter...
- Saturday bank holiday: Are banks open or closed today on July 25, 2026?Banks across India will remain closed on Saturday? Reserve Bank of India guidelines mandate banks close on second and fourth Saturdays. Dig...
- Sebi unveils simpler rules for mutual fund transmission claimsMutual fund unit transmission is now simpler for nominees and joint holders. Asset management companies will rely on the latest address wit...
- Sebi clears standing instructions for SWP, STP in demat-held MFsSebi now permits demat mutual fund investors to set up standing instructions for systematic plans. This facility, previously for statement ...
- Why getting a SWP death claim is not that simple for surviving spouses and why Sebi must ensure strict adherenceIt is often witnessed that the aggression of marketing executives in AMCs to onboard an investor is not reciprocated while settling death c...
- Revised SBI deceased claim settlement guidelines: How to apply online, eligibility & documentsDeath claim settlement: SBI has issued revised guidelines to provide a harmonised framework and to standardise the documentation for the se...
- TDS paid by a deceased parent; can I file ITR to get a TDS refund now?ET Wealth Reader's Query: Is it possible to file an income tax return (ITR) for a deceased family member (mother or father) and claim a ref...
- Want to claim investments of deceased holders in MFs and bank accounts? Here’s a step-by-step guideIf an investor dies without a nominee, the legal heir can claim investments by completing the transmission process. This requires KYC docum...
- These SBI death claims can be settled in home branch onlyState Bank of India simplifies death claim settlements. Nominees can file online for savings accounts and fixed deposits. Visit the Decease...
- Bankers should alert legal heirs, nominees to claim under PM insurance schemes: AIBEAUnder these policies, the family of the victims are eligible to claim the insurance amount in case of death, or death due to accidents or e...
- Joint FD accountholders need to beware of ‘either or survivor’ clauseDespite RBI mandate, FD account holders face problems in premature withdrawal on death of joint holder.
- How to claim money after death of SBI account holderHere is a look at the process of filing a claim with SBI after the death of an account holder. Before filing the death claim with the SBI, ...
- How to transfer of equity stocks to legal heirs, nominees in case of deathThe claimant of securities needs to obtain a transmission form from the depository participant (DP) or download from their website. It need...
- PNB locker claim settlement: How claims settlement will work after death of locker hirerPNB has a simplified policy and procedure in place to help with the settlement of claims for deposits, locker contents left in the accounts...
- How securities are transmitted on death of demat account holderIn case a single demat account holder dies leaving a nominee, the procedure for transmission of securities is simple.
- What to do when the first holder in a mutual fund account is no moreThe fund must be notified and the account must be updated. If the first holder dies, the surviving second holder may not be able to put in ...
- Transmitting MFs without nominees: Things to knowThe legal successors of the deceased unit holder must ask the fund house for transmission of units.
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