My family and I recently bought a house in India with a home loan, and I’m currently living abroad. I gave my mother Power of Attorney to handle everything for me. Now, the bank says the POA has expired, even though I thought it was valid until death or revocation. Is this correct?
Best Answer
In India, a Power of Attorney (POA) generally has a maximum validity of 3 years, unless specifically stated otherwise in the document. While you may have believed it was valid until death or revocation, the bank is likely correct in stating the POA has expired. You need to check the POA document and potentially renew it for the bank to continue accepting your mother’s instructions.
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