This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Respected Sir/Madam, I am writing to you with a heavy heart to inform you of the demise of my husband, Mr. Rajeev Singh, who had a savings account in your esteemed bank. It is a difficult time for our family, and I need to settle his financial affairs.
I) Photocopy of Death Certificate (original to be produced for verification by the bank). ii) Photographs and KYC documents of all the claimants/ legal heir(s), (Original documents to be produced for verification by the bank.)
I/We hereby state that one of the joint Depositors Mr./Mrs. _______________ has expired on _____________ ('Deceased Depositor”). I/We request you to delete the name of Deceased Depositor and continue the FD in my /our name(s) with same mode of operations.
Depending on the amounts involved, it's possible to close an account without probate (the legal right to deal with someone's estate when they die). Each financial institution has its own limit and so you need to contact them to see what their process is.
The bank is likely to ask for two forms of your identification (usually a passport or driver's licence, or a proof of address with a utility bill) and a copy of the will. If there's no will, the bank could ask for evidence of your relationship to the deceased. You'll also need the death certificate.
How to remove a deceased spouse from a bank account Step 1: Locate and gather the necessary documents. Step 2: Notify the bank of the deceased. Step 3: Inquire about removing the deceased from the bank account. Step 4: Complete the relevant paperwork. Step 5: Change the ownership of the bank account.
Some bank accounts have transferrable-on-death (TOD) or payable-on-death (POD) designations, which allow the account holder to name a beneficiary. In this case, once the bank receives the death certificate and other necessary paperwork, it releases the funds to the named person and typically closes the account.
Some bank accounts have transferrable-on-death (TOD) or payable-on-death (POD) designations, which allow the account holder to name a beneficiary. In this case, once the bank receives the death certificate and other necessary paperwork, it releases the funds to the named person and typically closes the account.