WHAT HAPPENS TO THE BANK ACCOUNT OF A DEAD PERSON?
After the change of economic policies, banking system has become necessary for us. Many questions arise in the mind about the same banking system when an account holder dies. What happens to the bank account after death? What money does the bank get? Does the bank give that money to a family member? Or is he deposited in a fund? In fact, this money is lying in one account and after such a long interval, such an account has been declared inactive. A few days ago, a report by the Reserve Bank of India showed that thousands of crores of rupees are being held in banks, of which no claimant is available. This happens in situations where the account holder dies or many of them are in the bank. In the event of death, the nominee can claim the money, but sometimes the nominee does not have any information about the account. And if there is any information then the claim can not be claimed due to lack of documents. The Reserve Bank of India has sought information from banks about such accounts, in which there was no transaction in the last 10 years. After giving information about these banks, the Reserve Bank prepared a report, according to which about 11 thousand crore rupees have been deposited in more than 3 crore accounts of 64 banks, who do not have any claimant. Neerav Modi and Mehul Chosi companies have looted, the amount of money still is no claim in the banks.
HOW FAMILY MEMBERS CAN CLAIM FOR IT?
Now if there is a situation that you or your family members are trapped in the same way, then you can claim those money but they have to take some action. First of all, the person claiming to go to the bank's website, whose account is here, you will see a list of active accounts. With this status, you can only take the account holder's primary information, for which some documents related to their identity will be required. After this, if you are claiming for the account, then you will have to go to your nearest bank branch. There you will have to fill the unclaimed claim claim form and submit it. Even if you are claiming as a heir, you have to do the same process. If the account holder dies and after you claim your account, then it is necessary that you must submit the death certificate of the account holder along with the form. After that the bank will test your claim and if the bank finds your claim correct, then it will allow you to make transactions in the account. If the claim is to be a legal heir, the bank will have to complete the settlement process, which the bank will tell you. After this process, you can also manage the account holder's bank account in your account, as well as link it to your account.
THINGS TO REMEMBER AND MUST BE AVOIDED?
The most important thing to know about family members and other heirs is that they should never use the ATM or debit card of the deceased person to pay the bills or get cash. This is fraud It goes to use online banking to pay the bill online.
"To establish an investigation, even if you are the heir, there is no one," says Holner. He said, "Do not drag some idiots and get the family in trouble because they need cash and are trying to get the money."
SHARE THIS TO ANYONE WHO ARE IN NEED OF THIS BECAUSE SOMETIMES BANKERS HARASS THE CUSTOMERS AND ASK FOR BRIBE. THIS WILL PREVENT THEM FOR ANY KIND OF HARASSMENT ...AND IF YOU ARE A ACCOUNT HOLDER IN ANY BANK YOU MUST MAKE A NOMINEE OF YOUR ACCOUNT THUS IT BECOME EASY TO YOU AS WELL AS FOR YOUR FAMILY MEMBERS AND TELL YOUR FAMILY MEMBERS ABOUT THE BANK IN WHICH YOU ARE HOLDING AN ACCOUNT...
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