Need A Financial Product Forums Trading/Investments Can a nominee claim tax saver fixed deposit before maturity

This topic contains 1 reply, has 2 voices, and was last updated by  Nitin Singh 2 years, 8 months ago.

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    Nitin Singh
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    My uncle has a tax saver fixed deposit for Rs. 1 lakh with State Bank of Patiala. The fixed deposit is 2 years 2 months old. He expired last month. Now his son is undergoing through the process of claiming his assets. Can his son (who is nominee for the mentioned fixed deposit) claim the amount before maturity or he needs to wait till the maturity period?

    #48211

    Since the original depositor has died, his legal heirs or nominee can file a claim with the bank for the tax saver fixed deposit even before the end of fixed deposit tenure.

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