The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 8th November, 2021 and the online edition of the same can be found here.
If the first account holder of a fixed deposit dies, who will become the owner of the account? Is it the second account holder or all the legal heirs of the first account holder?
—Name withheld on request
Continue Reading What happens to the FD account if the deposit holder dies?