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How to claim fixed deposit amount after death of account holder?

In case of the demise of the FD holder, the FD amount is transferred to the nominee or legal heir of the deceased person.

The first step in claiming the FD amount is to collect all the necessary documents.

Form should have details such as the name and address of the claimant, date of death of the FD holder, account number of the FD, amount invested and the maturity date.

Once all the documents are collected and the forms are filled, the claimant needs to submit the documents to the bank or NBFC.

Now, the bank or NBFC will verify all the documents and initiate the process of transferring the FD amount to the claimant.

After verification, the bank or NBFC will transfer the FD amount to the nominated bank account of the claimant.

The process of claiming the FD amount on the death of the account holder may vary depending on the bank or NBFC where the FD was opened. 

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The death of the FD holder requires submission of documents such as the death certificate and KYC paperwork to claim the FD amount. The process involves submitting the required documents, verification, and then transferring the FD amount to the claimant's bank account.

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How to claim fixed deposit amount after death of account holder?

The death of the FD holder requires submission of documents such as the death certificate and KYC paperwork to claim the FD amount. The process involves submitting the required documents, verification, and then transferring the FD amount to the claimant's bank account.

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