Thanks for your reply. Please help me with any court judgement at your earliest convenience or inform me where i get it from book stall....

I have already made the process you have explained but in wain. Your reply is somewhat correct but it will be a cumbersom process to get decision after years of time. However I will do it now. Whether any court decisitons is available regarding payment to Nominees?...

In one case, the KVB fails to make payment to the nominee notified by the depositor in the application form itself at the time of making deposit in the bank. But bank fails to adhere the nomination made by the depositor. will it be correct in banking law? How I get the money, as nominee? The K V Bank has not responded my call till now? so all must aware of nomination made by the depositor and what procedure to be adopted by the Bank for effecting speedy payment and settle the claim must be ennumarated at least now. Will RBI/Finance Ministry do so?...

Thanks for your earnest reply. Here I once reply that my father nominate to receive money from bank after his death. But why bank bother abour legal heirs. If legal heirs have got any right then they discuss with thenominee for settlement. the bank has no right in stopping payment to nominee as per the wish of the depositor. Hence I think the bank has adopt delayed tactics in payment of matured claims received from the nominee along with proof of death of the deposit. Will any court judgement available for this. It will helpful to all depositors who deposits in bank as a word of caution as NOMINEE. It is only an eyewash from the bank to put clutch in payments....

The overall situation for the market is bearish as there is no positive movements noticed. Hence bear market will prevail in the coming days. though some corrections expected in todays (19th) trade....

Investment in this scrip is highly risky. So investors with high risk alone consider this scrip. But the cmp is highly suit for them. It is good for long term investment which will fetch multi fold profit in near term. Tuesday`s range for this scrip is Rs.113 and rs.96.50 with 52week low is Rs.87.95. Good Luck....

Your view is some what correct. Here the Bank in all quarters right from Branch Level to MD level not replied my letters eventhough I have writtenly nominated to receive amount after the death of depositor. The legal heirs question does not arise. Any legal judgements refraining make payments, available may be informed....

Try to read one following book Legal Decesions affecting to Bankers In this book most of the decided cases on most of the topics have been given, but please don`t buy it at present, I am having this book and let me see whether it has any case reated to you then I will inform . ...

As a Branch Manager of Govt Owned Bank I have settled many deceised claims but now I have taken retired person. I will search cases during holidays and will inform you. If Bank is acting against you then you have no option except to go in court, simply you need to have some documentary proof that you are actually the last nominee of the deposit. if you can prove it then you will win the case ...

Dear keerthi, tell me what reply KVB has given to you, verbal or in writting. Have you given him written request to make payment and have taken any acknowledgment from Bank/ If you have given any written request to the bank and that bank is responding within 30 days then you can make complaint to Reserve Bank and send copy to the Chairman of KVB even if if you gets no response within 30 days then give legal notice to the chairman of that bank and file recovery suit against the bank and bank`s manager jointly , together with demond of cost of suit and compensation of Rs say 10 lacs for creating unwaranted mental tension. and tell me the results. ...

As a nominee, you have informed the death of your father.Please be clear that you have the right to give a discharge to the bank only when they are accepting the claim and ready to make the payment. Until then you have to wait. There is no point in blaming them as they have got limits to settle claims on the spot. To get the claim processed, you have to present the under mentioned documents. First ensure yourself that there is no change in nomination at the time of death for your father`s accounts. Permit me to say that there is "no attachment from ITO or competent court of your jurisdiction or counter claims from other relatives,if any." 1.Death certificate issued by the local municipality or corporation 2. Legal heirship certificate of the deceased. It should include your name along with others. 3.The deceased is your father. So if his mother is alive( as per Hindu law) she is eligible for a share and hence she should support your claim. 4. Letter of authoraisation to pay the residual money with accrued interest if any, by all the legal heirs,to you by name, as declared in the nomination registered in the bank record/in the pass book. 5.According to the claim amount, they may call for succession certificate also. If the amount is small, the manager can pass orders,for paying the nominee even on the basis of an indemnity bond, stamped as per state stamp act. 6. IF ANY OF THE LEGAL HEIRS IS/ARE NOT ALIVE, THEIR DEATH CERTIFICATE(S) MAY BE CALLED FOR. In the case of your grand mother it is absolutely essential. If the bank has any objections and hence not replying you, there may be a counter claim through an advocate. But they have an obligation to inform that fact to you, advise you to get the court orders and will not make the payment. They must sent a letter to you . The banks also have an obligation to settle or decline a claim with in 90 days. Don`t gain an impression that you will be paid just like the bearer of an uncrossed cheque drawn in you favour. You say you are a nominee. You can give a discharge and collect the money only after your claim is accepted. Ombutsman can be approached only after getting a reply from the bank. I wish all readers should see that their deposits and accounts are having proper nominations duly registered in the books of Banks accounts and LIC/insurance poilicies. Nominations does not confer a right to own all the money for himself. Banks/LIC can get a discharge from him/her to make the payment and the nominee has got an obligation to proportionately make payments to the other legal heirs when the claim payment is collected. Above all please note that all people are good and will be helpful in dealing with a death-claim and kindly deal with the bereaved family. with due apology, I request you tobe calm and polite in your approach. I am a senior citizen and hence please take my advice earnestly. sl...

To keerthi I understand from the two posts, that you are trying to collect some balance lying in credit, as a nominee. If I am correct, please read further. Nominee is the right person to give a discharge and collect the balance,for and on behalf of all legal heirs. fir this you must get a legal heir ship certificate. The banks staff will normally helpfull. You should meet the executives only as other staff are not competent to deal with your claim. First report the case and request the forms as nominee. They will provide them free of cost. If that is a private bank, the branch will refer the case to their central office only. For PSU banks, the managers have a limit to pay directly after collecting the forms. If you tell me the nature of claim and status as nominee, bank(s) name and state in which the bank is situated, (law is different for muslim), I can try to give you more points. v.krishnamoorthy...

bought again , ay 2250 but not to sell at all... their for my children.. Avery happy divali to you and your family regards Nightowl...