- This topic has 6 replies, 5 voices, and was last updated 1 year, 2 months ago by
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KMy father who is no more has a Number of accounts which were used for Business and Personal Purposes, We get rental income and other payments on it.
Recently I & my mom went to SBI to check if this Account has any dues or loans on it, they said the account is clear, I told them we are merely here to get details of the account and we don’t want the account to be closed as we get rental income on it and payments that run on it using UPI, the service manager was like shrugging and saying that it’s not actually legal to use the account post account holders death and the money which was used has to deposited back into the account and the amount can only be withdrawn by nominee which is my mother. I was like seriously, and the manager was like yea.
Then my mom asked her friend who says bank won’t give the deposited money back to the nominee and they shall dupe us and as we went to bank the account will get freezed, which didn’t happen yet. My mom is furious on me that I did this and I’m already saying her that, the bank can’t just freeze the amount just because we made an enquiry and I already told her not to close any bank account for an year or so because the account might be enrolled into govt schemes and money would get deposited. Which she also doesn’t listen to.
I’m just puzzled with who is right now ? Kindly let me know if anyone knows some details in my situation.
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HWhy not withdraw all money and close the account.
And ask your tenants to send rental money to new account.
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QJust withdraw all of the money using upi (I think the limit is 1lakh per day or 50k depending on the Bank)and then close the accounts after you have withdrawn the amount and tell your tenants to pay rent on diff accounts.even if they freeze your dad’s account your mom can get the money as she’s the nominee and The money won’t go anywhere. Your mom’s friend has half knowledge that’s what it is.
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