My husband passed away on 17th March 2016 having NRI account saving and fixed deposit without nominee. But I am the PA holder. Given deceased form and they closed both accounts (saving and FD) on 1st November 2016 the maturity date is 12th November 2016 for FD and I got my money saving with interest and FD without interest. They told me after his death we will close both the account you won’t get any interest for FD.
Please let me know what is the banker’s rules
As per rule, the FD will earn the interest rate as specified at the time of creating FD UPTO the maturity date. After maturity to the date of payment, it will earn the simple interest as specified by bank. Hence, banks claim of not give any interest after your husband’s death is totally illegal.
You have all rights to fight back.