No, a nominee cannot withdraw money by a cheque signed by the account holder after their death. Once the account holder dies, their account is typically frozen, and all previously issued cheques become invalid. The nominee's role is to claim the balance as per the bank's process, which usually involves submitting the death certificate and completing other formalities. The nominee may then receive the funds directly from the bank, but they cannot use cheques signed by the deceased account holder to withdraw money.
Enjoy a Quick Disbursal of Personal Loan up to Rs 10 Lakhs via NB Instacash.Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Can Nominee Withdraw Money By a Cheque Signed by Account Holder After the Death of the Account Holder Partly Amount of Balance?
Vkmm
548 Views
1
1 Year
2024-07-08T10:23:47+00:00 2024-07-17T16:13:39+00:00Comment
Share