Bank account of a deceased person

What happens to the bank account of a deceased person? Can the nominee continue to operate it?

If the deceased had an independent bank account, you will need to furnish the death certificate along with your identity proof as a legal heir or successor to the deceased to get access to his or her bank account. The bank would usually close the bank account in the name of the deceased and transfer the money to the bank account of the legal heir.

Hi Sooraj,

In the event of the death of the account holder, the bank can release the money in the account holder’s account to the nominee without the need for any legal documents. However, this will only happen when the account holder dies and not if he or she is incapacitated in some way.

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Cheers,
Team BB