Either or Survivor and inheritance

[Pawanfox379]

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Pawanfox379
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February 5, 2025 at 2:40 pm

A & B are Hindus married to each other who have an Either or Survivor bank account.

A is the first named account holder and shows the interest earned etc. in his/her income tax returns, B is the passive holder in this account.

When A passes away, will ownership of this account exclusively pass to B or will it be considered to be part of A’s estate to be divided among all heirs?

Are there any rulings that clarify this?

Would the same principle apply for mutual fund folios or demat accounts?

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