If the account holder dies, then the family members or nominee can get the claim. There are separate provisions for this. In this some necessary documents also have to be submitted.
Before filing a death claim with State Bank of India (SBI), it is important for the claimant to know two things. First, the deceased person’s account was held jointly with another person or was a sole holding account. Secondly, whether the nominee was added by the deceased account holder or not. Because in both the cases the claim is filed in different ways.
Claim process for having a joint account
For financial transactions when the account is held jointly, signature is required either by the first account holder or the second account holder. However, in case of non-financial transactions, signatures of all bank account holders may be required. In such a situation, if an account holder dies, then the surviving account holder will have to first submit the photocopy of the death certificate of the account holder, copy of the ID proof etc. Also a written application informing about the death of the account holder has to be submitted to the bank.
After this the bank will ask you to submit the new account opening form. The surviving account holder will have to provide PAN and address proof like copy of Aadhar card, passport, driving license etc. and photocopy along with the form. After completing these procedures, the name of the deceased account holder will be deleted. All the documents will be checked, if the claim is found to be true, the other account holder can withdraw the amount or carry it forward.
How to claim if nominee is named
If the nomination is registered, then for the purpose of settlement of the claim of the deceased account in the Claim Settlement Bank, the nominee is deemed to be the only custodian of the property, who has the responsibility of handing over the property properly to the legal heirs. In the event of the death of the sole account holder or the death of all the joint holders of the joint account, a nominee can file a claim with the bank. For this, bank passbook, check book, ATM card of the deceased, death certificate, nomination receipt, identity proof of the nominee showing relationship with the deceased and residence certificate etc. will be required.
What to do if there is no joint account or nominee
According to SBI’s website, some things have to be taken care of to claim the death of the account holder in the absence of a joint account or nominee. In such a situation, an affidavit will have to be filed, if the deceased has not left a will. In the second case, there is no dispute between the legal heirs, besides the claimant is not fake, then a claim can be made.
