Do FDs accrue interest after owner’s death?2 min read 04 Oct 2022, 11:13 PM IST
For withdrawing any FD at the time of its maturity, the relevant bank will require submission of the requisite documentation including the claim form, death certificate and indemnity
My parents died and I am their nominee in the various fixed deposits (FDs) they left behind. The FDs will mature on different dates in the next two years. Can I withdraw an FD at the time of maturity? What would be rate of interest payable on these deposits from the date of death of parents till the maturity date. Also, is it compulsory for the nominee to withdraw all FDs after the death of the holder?
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