What happens if the depositor passes away?
- Posted: 24th July, 2024
- Updated: 14th July, 2025
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https://www.shriramfinance.in/financial-faq-what-happens-if-the-depositor-passes-away
If the depositor passes away, the maturity proceeds of the Fixed Deposit are typically transferred to the nominee or legal heir. The nominee must provide the necessary documents, such as the death certificate and identity proof, to the financial institution.
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