• One more question regarding nomination

respected sir,
i thank you very much for your reply to my earlier letter. i suspect some foul play by the nominee. in such case whether the legal heirs can stop making the payment to the nominee by just giving a letter to the bank. nominee is clever cunning and a cheat. 
please guide me.

thanking you 
with regards
shankarhittuvalli
Asked 2 years ago in Family Law from Mandya, Karnataka
Religion: Hindu
Yes the legal heirs can give a letter to the bank to stop making the payment to the nominee and take acknowledgement from the bank.
Shashidhar S. Sastry
Advocate, Bangalore
1275 Answers
64 Consultations
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bank will refuse to pay on receipt of letter objecting to release of payment. it will insist on nominee obtaining succession certificate
Ajay Sethi
Advocate, Mumbai
25903 Answers
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1. Send the said letter to the Bank but the Nominee can claim release of fund from the account,

2. For claiming moveable property like money deposited with Bank, one has to submit the Siccession Certificate not the legal heir certificate,

3. Apply for the Succession cwCertificate and sumbit copy of the application to the Bank with a request not to release the fund to nany one else.
Krishna Kishore Ganguly
Advocate, Kolkata
13128 Answers
280 Consultations
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query is resolved
Ajay Sethi
Advocate, Mumbai
25903 Answers
1411 Consultations
5.0 on 5.0

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