Finance, Forex and Investments

is that possible to take money even after he dies from his bank account how is that possible?

my father died on july of this year .he is having account in central bank of india. after that a bank named barcley is automatically taking money of about 8583 rs from his account every month.when my dad was alive they took the same amount of money .how is that possible friends how they are taking the same amount of money even after his death .its taken as : trf ecs barcley help me friends

Public Comments

1. If the bank doesn't know he has died then they will keep honouring any valid request for money, like direct debits and standing orders.You must inform them of his death and provide the necessary legal documents to prove you ar the legal representatives. If money still needs to be paid out, like house insurance etc. then you can establish who is responsible for the money. For example before the date of death it is your father's responsibility and after it becomes the responsibility of his estate. This is taken care of by the administrator or executor possibly with the help of a solicitor.
2. very very sorry to hear the demise. i am sure you are going thru a hell of a time. my best wishes to your family to come out of this faster. i believe there is a ECS facility setup between Barcley and your bank which was approved by your father. maybe it could be insurance or some loan taken some time back. plz check your father belongins for any loan or any insurnace policy that has monthy deductions. the legal heir can also talk to barcley and mention your father's name and account information to check what is going on. if you staying in a metro city a visit to he head office in that city will be helpful. plz take with you your father bank details and the death certificate ( prefably attested )
3. Dear, It is your duty to inform the bank regarding death of your father, You inform them through letter along with a copy of death certificate. The bank will in turn stop the payment and will declare a deceased account. One can deposit money but can't withdraw. Thereafter for claiming the balance amount as a survivor, You submit under noted papers- 1. Indemnity bond on stamp paper. 2. affidavit on stamp paper 3. Letter of disclaimer on stamp paper 4. Death certificate 5. two or one surety depends on balance amount 5. two witness. Before delivering all these papers, Please confirm from bankers that your father before death has nominated any one or not. In case they have nominated any one in your family then he can withdraw the amount without giving aforesaid papers/ documents. But don't forget to inform the bank reg. death of your father . Pl. don't forget to choose the best answer for the efforts made by others.