Account Holder’s Death But Money Would Be Subject To Succession Laws: Allahabad

Account Holder’s Death But Money Would Be Subject To Succession Laws: Allahabad HCThe Allahabad High Court has clarified that while a nominee has a right to obtain money from the bank after the account holder’s death, the money received would be subject to succession laws, and the deceased’s heirs would have a right to the said amount in accordance with the law. A bench of Justice Shekhar B. Saraf and Justice Vipin Chandra Dixit observed this while dealing with a…

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