My father passed away in 2015. He had some fixed deposits, some with my mother as the nominee and others with both of us as joint holders. I have two sisters and a brother. Can we claim these fixed deposits?

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Law Forum › Category: Family › My father passed away in 2015. He had some fixed deposits, some with my mother as the nominee and others with both of us as joint holders. I have two sisters and a brother. Can we claim these fixed deposits?
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Apni Law Staff asked 2 years ago

My father passed away in 2015. He had some fixed deposits, some with my mother as the nominee and others with both of us as joint holders. I have two sisters and a brother. Can we claim these fixed deposits?

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Apni Law Staff answered 2 years ago

Yes, you and your siblings can claim the fixed deposits. The deposits with your mother as the nominee will pass on to her, while the joint holder deposits will be divided equally between you and your father, with his share then being distributed amongst his legal heirs (you and your siblings).

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