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SURVIVOR CLAUSE
‘Either-or-survivor’ clause lets the surviving joint account holder withdraw Fixed Deposit (FD) funds, but this does not make him or her the legal ownerJoint bank Fixed Deposit accounts often have an 'either or survivor' clause. This allows the surviving holder to access funds after the oth...- Daughter loses claim to gold jewellery kept in joint locker with late mother; HC upholds Will bequeathing it to another family memberA daughter's claim to gold ornaments in a joint bank locker was dismissed by the Kerala High Court. The court ruled that a registered Will ...
- Epstein secrets at risk — Congress could read list aloud under full legal protectionEpstein Files Release: Republican lawmakers Thomas Massie and Marjorie Taylor Greene may read names of Jeffrey Epstein’s alleged abusers in...
- Sexual harassment complaint by wrestlers: DCW demands registration of FIR against police officers for not lodging caseThe Delhi Commission for Women has demanded an FIR against police officers for not registering a case on the sexual harassment allegations ...
- 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, ...
- SBI locker claim settlement: How settlement will work after death of locker hirerWhen opening a locker at the State Bank of India (SBI) or any other bank, customers must ensure that they register for the nomination facil...
- Kal Penn teams up with Tim Allen & Elizabeth Mitchell for Disney+ series 'The Santa Clause'Penn will play Simon Choksi, an ambitious game inventor.
- Money emergency? How 2nd holder can break bank FD without 1st holder signThere could be a situation in the current pandemic where one of the holders is hospitalised and the other needs to draw the funds immediate...
- Shares, FDs, property, mutual funds: If 1st holder dies will joint holder get money or nominee?Assets such as shares, fixed deposits, mutual funds can be held with singly or jointly. The question is after the death of one of the asset...
- Covid survivors who buy new insurance cover face exclusionsPeople who have survived Covid-19 may face certain challenges in health insurance claims in the future, if their ailments are linked to the...
- Can your family members access your bank account during a crisis? Here's what you need to know and doBanks will only give nominees charge of the money when the account holder dies. If the account holder is on life support or coma, they offe...
- Speed up settlement of claims to deceased nominee: RBI to UCBsRBI directed urban co-operative banks not to insist upon succession certificates from nominees while settling claims in cases of deceased d...
- RBI asks urban co-operative banks to modify FD formThe Reserve Bank today asked the urban co-operative banks to modify fixed deposit (FD) account opening form to allow pre-mature withdrawal.
- Modify fixed deposit forms for premature withdrawal: RBI to rural banksRBI has asked regional rural banks to modify FD account opening forms to allow pre-mature withdrawal of FD on death of one of the joint acc...
- RBI asks banks to modify FD form on pre-mature fund withdrawalThe RBI today asked banks to modify Fixed Deposit (FD) account opening forms to allow pre-mature withdrawal.
- New norms soon for FDs, financial instrumentsFor years, the validity period of cheques, pay orders and demand drafts or bankers' cheque has been six months. This, however, is to set to...
- Q&A- Banking & FinanceBCSBI state that the bank is bound to supply authenticated copies of all the loan documents executed by you at the bank's own cost.
- Query Corner: Banking & FinanceOur expert V N Kulkarni, Chief Counsellor, Abhay Credit Counselling Centre, guides you in matters relating to banking & finance.
- Appoint a nominee, avoid future conflictsWhen you opened a bank account, a demat account or made some investment, you would have come across a column on nomination.
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