How to Claim Money from a Bank after Death of a Family Member

In India, people still prefer to save their lifelong earnings in their bank accounts. There are many saving schemes run by banks that offer you interest money while your money is safe and you can even recollect it in need. But, what to do if it is a bank account of a family member who passed away recently? Withdrawing money from the dead relative’s bank account can be tough, if you do not know the right procedures.

A lot of people run to the bank for multiple times to just claim the money of their dead relative. They are often clueless about the procedure and suffer as a result. Read this article to gather information on how to withdraw money from the bank after death.

your money is safe


Image Source

It is not only for those who have recently lost their loved ones. You can also get information about guiding your family members for financial stability after your demise.

Usually, banks ask their customers to nominate someone whenever they open their account. It is a great process. Because with the nomination, banks can keep a track on how to provide the money to the dear ones of the dead account holder. You can make one or even more than one person as the nominee of your bank accounts. If there are more than one people, you may need to provide details on how much share each nominee obtains after your demise.


In the case of the elderly customers, banks always ask them to nominate someone if they still have not completed the task.

1. Withdrawal procedure in case the dead account holder has a nominee

In case there is the existence of nominee(s), the money will automatically go to the nominee. This procedure is the same for both the single and joint accounts if all the account holders are dead. The nominee needs to contact the bank branch with the passbook and death certificate of the deceased account holder to claim the money. That person may need to prove his or her identity (voter card, Aadhaar card, driving licence or passport) and proof of relationship with the account holder to the bank. It is a vital procedure since banks need to ensure that the money goes to the rightful person.

withdrawal procedure


Image Source

After the demise of the account holder, the nominee should inform the bank as soon as possible. The claimant should proceed with all the above documents along with his/her KYC to claim the money. Some banks often ask for some additional certificates like the will of the deceased person, or a legal succession certificate from the Court, if there is no will covering this matter.

The bank will initiate the money transfer after verifying the documents. It can take from six months to twelve months depending on the bank and the account lies dormant during this period.


2. Withdrawal procedure if there is a joint account with either or survivor

If both account holders have passed away, the procedure will be the same as the previous one. Often in case of joint accounts, the nomination differs and account holders make different people as their nominee. In this case, if there is nothing stated about how to divide the money between the nominees, the bank divides the money equally. In case the account holders have stated the money shares, the bank will transfer the money as stated by the deceased account holders. In this case, all the nominees or nominee need to contact the bank as soon as possible and proceed as the previous method to claim their right.

In case the first account holder has died, the bank can remove the name of this demised holder and will make arrangements to make the second holder as the first holder. This allows the survivor to claim the money and use it as per their convenience. For this purpose, the second holder or the remaining holders need to approach the bank branch for informing the death of the first holder. The bank asks for the death certificate of the first holder or FIR copy ( if the death is due to an accident) and the identity and photo ID proof of the remaining holder(s) like passport, PAN Card, Aadhaar card. The bank then verifies all these documents and deletes the name of the deceased holder.

3. In case there is no nomination

It can happen if the account holder had not nominated someone in his or her lifetime. It often happens for older bank accounts. Without nomination, the process becomes a little difficult. But there are ways on how to withdraw money from the bank after death even if there is no nomination.


In case there is no existing nomination, the bank transfers the money to the rightful heir. Till the bank finds the heir the money remains in the dormant account. When there is no nomination, the legal heir can approach the bank to claim the money. For this, they need to get the will of the deceased person with clear information about the legal money and its heir. If there is no such mention in the will, the legal heir needs to move to the court to get an affidavit or declaration from the court about the rightful heir.


The heir can approach the bank with the death certificate of the dead account holder, a government ID proof that clearly states the relationship between the heir and the deceased person, the will or the legal certificate to claim the money. They also need to produce their photo ID and other documents to the bank. This process can take a little time.


In such situations, without a nomination, the bank thoroughly checks the claims and documents and only proceeds after the documents are verified properly. It may take even two years to transfer the money in the account of the bank heir.

All these above procedures apply to the normal saving bank account or FD account or other deposit accounts.

4. Withdraw the money with an ATM Card or through net banking

If you know the ATM PIN or net banking details of your deceased family member, you can use these details to transfer all the money to your account from their savings bank account. It is an easy process and can come handy.


internet banking

But, if there is no such information available or the deceased account holder did not have any kind of ATM or internet banking facilities, you need to contact the bank and proceed with any of the methods stated above.

In case there is a dispute among the family members and the nominee:

Disputes can happen. Often the other family members and the nominee are involved in a dispute over the right to the money from the deceased person. The person who passed away may have provided nomination details but the legal heir details can be different. Therefore, a dispute can arise. In this scenario, the nominee or the family members need to move to court and ask the court to make a judgement in this matter. Otherwise, they might need to apply for a Certificate for Succession to identify the rightful heirs.


Since, it is a legal dispute, the procedure can become lengthy and the judgement can come after a long legal battle. Therefore, it is always better to mention the nominee and legal heir of the money in your will.

What you can do to help your family

If you want to make sure that your family members get the money after your demise, you need to be clear about the money and nomination procedure. You can guide them on how to withdraw money from the bank after the death of the account holder.

Otherwise, you can follow the following steps

  • Always nominate your family members for every bank account you hold. It is essential. If you have not nominated anyone yet, make sure to do it as soon as possible.
  • Always make a will from a reputed lawyer that clearly states who will get the money from all of your bank accounts in case you are dead.
  • If you have nominated more than one person, state in the will about their shares of money to prevent any kind of disputes in the future.

legal heirImage Source

  • It is better to nominate one of your legal heirs from your family. If the legal heir is from your extended family, make a separate will and get an affidavit regarding this will with the proper statement about the nominee.
  • In case you have ATM card or net banking facilities in your account, note down all this information in a diary or a place. Alternatively, you can always keep your family members informed about these details so that they can access the money after your demise.
  • Try to keep all of your bank passbooks in the same place and inform your family members, so they can access it.

All these procedures are ideal and full-proof. Any legal heir or nominee can claim the money by following any of these procedures. It is better if you open an account with nomination or make a joint account to prevent any type of hassle for your heirs.

About Jack K. Harris

Check Also

transfer property after death

How to Transfer Property after Death of a Parent

  It’s not a smooth process to inherit your parents’ assets or bank accounts after …

Leave a Reply

Your email address will not be published. Required fields are marked *