Everyone keeps hiding money in the bank. Some, however, also open fixed deposits. So let’s see how to get that money if the person who has FD like this dies. If you go into the full details of this.
Fixed Deposits are in the name of the same person and if that person dies then the nominee’s name is registered .. then the money will go to the nominee. It is sufficient to provide a Death Certificate. If the name of the same nominee is not available then a certificate of inheritance is required.
This will make it easier for the nominee to get the money. If the same is the case with a joint account .. if one person dies .. the money will be given to another person. If there is a joint account and two people die then the money will get nominee. If there is no nominee then the heirs will get the money.
Note.
So if the bank account holder dies then the nominee will have the power to withdraw that money. This is how they can get that money. The bank provides money to the nominee. If there is no nominee then the heirs will get that money. So the account holders must register the nominee. With this the money goes to the nominee if they die.
