Saveings Account: In today’s time, it is very important for every person to have at least one bank account. You cannot do any financial work without a bank account. Apart from this, it is very important to have a bank account to avail many government schemes. In addition, we also need a bank account to protect our blood and sweat earnings. But, death is a firm truth, from which no creature can survive. Here we will know that if the person dies, then who will get all the money deposited in his bank account.
It is very important to give nominee details while opening a bank account
It is very important to give nominee details while opening a bank account. The old customers, who did not give the details of the nominee while opening the account, are now taking the details of the nominee from them. In fact, in the event of the death of the account holder, the bank gives all the money deposited in his account to the person whom the account holder has made a nominee. The account holder can make any person a nominee for his account. If you want, you can make your wife, son, daughter, mother, father, brother, sister a nominee for their bank account. If you have made your wife a nominee, then in the event of your death, all the money deposited in your account will be given to your wife.
What will happen in case of not having a nominee
If a person has not made a nominee for his bank account, then all the money deposited in his account will be given to his legal successor. If a person is not married, then all the money deposited in his account will be given to his parents. If a person is married, then all the money will be given to his wife in his account. In the case in which the deceased account holder has small children, in those cases all the money deposited in the account is given to his wife. If the children are adults, then all the money can be given to the wife with their consent. However, many types of paperwork have to be done for without nomination accounts and it is quite complicated.
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