How to Claim the Fixed Deposit Amount After Death?

To claim the Fixed Deposit (FD) amount after the depositor's death, follow these steps:

• Notify the Financial Institution: Inform the financial institution about the death of the depositor, submitting the required documents.
• Submit the Required Documents: The nominee or legal heir must submit the necessary documents, including:

1. Death certificate of the depositor.
2. FD receipt or certificate.
3. Identification proof of the nominee or legal heir.
4. Legal heir certificate or succession certificate if no nominee is assigned.

• Fill Out the Claim Form: Complete the claim form provided by the financial institution, specifying the relationship with the deceased and the account details.
• Verification Process: The institution will verify the documents and the claim. This may involve checking the nomination details or legal heir documents.
• Receive the FD Amount: Once the verification is complete, the FD amount, including any accrued interest, will be transferred to the nominee's or legal heir's account.

The process may vary slightly depending on the financial institution’s policies, so it’s advisable to contact the bank for specific procedures.