- This topic has 2 replies, 3 voices, and was last updated 1 year, 1 month ago by
.
-
Posts
-
-
CHello everyone,
So my father and mother have a joint account together. Father’s salary gets credited there.
Thing is father wastes money on unnecessary things, and has stopped contributing to family finances. I have a sister, and she has stopped receiving any financial support for her education.
Everything is managed by me. So now my mother wants to transfer money from the joint account every month from the salary he receives and start saving for my sister’s education.
My mother has another individual bank account in the same bank. So once she logs into the mobile app, she can see everything in her account and in the joint account.
Problem is phone number linked to the joint account is my father’s. So transferring money from mobile app makes it little difficult for us as he receives the OTP.
So I want to know what legal rights are available to my mother in this case.
Thanks. Guidance will be much appreciated.
-
-
BPls check account holding type : it will be either or surviver in all likely hood.
If above is true then your mother can visit the bank to update her mobile number against her name. Subsequently she will get her OTP.
Legal right will be for 50% of current holding in Joint account. But relationship will go south once she withdrew without discussing with father.
She can claim separate money legally only in case of divorce. Otherwise, your father can easily open single operated account and route future salary in that account.
-
