Now the way of doing things has changed a lot as compared to earlier. For example, take the banking sector only. Here also the way of working has changed and almost most of the work related to the bank is done online. Whether to apply for a checkbook, apply for an ATM, send money to someone, etc. Many other such works are also done online. On the other hand, since the advent of ATM cards, people have got freedom from long lines of banks. So now whenever you want you can withdraw money with the help of an ATM. But do you know that withdrawing money from the ATM of a dead person is a punishable offense? If not, then it becomes important for you to know this. Otherwise, you may be in trouble. So let's know what the rule says on this...
If someone of yours has passed away and you are withdrawing money from the ATM card of that deceased person, then it is illegal. At the same time, the nominee also cannot withdraw money without informing the bank.
Understand the rules
If you want to withdraw money from the bank account of the deceased person, then for this you have to follow the rules of the bank. As per the rule, after the death of the person, first, all his property has to be transferred in his name and only then you can withdraw money from his bank account.
You have to inform the bank about this. If there are two nominees in a bank account, then all the nominees have to show the consent letter to the bank. Only after this, you can withdraw money from the bank account of the deceased person.
The nominee can claim the money in the bank account of the deceased person, for which a form has to be filled. At the same time, the passbook, checkbook, death certificate, and TDR of the account of the deceased have to be shown. Along with this, the nominee has to give his Aadhaar card and PAN card. After completing this process, money is sent to your bank account.
(PC: Freepik)
