Mr. A & Mr. B operate their bank account in the mode of “Jointly or Survivor” and Mr. A dies, then

Mr. A & Mr. B operate their bank account in the mode of “Jointly or Survivor” and Mr. A dies, then the proceeds of the account can be ...... a. shared between Mr. B and the legal heirs of Mr. A b. transferred to Mr. B's own other bank account c. shared between Mr. B and the nominee d. shared between Mr. B, the nominee and the legal heirs of Mr. A

 

B as the mode is jointly or survivor. In case it was only jointly, the funds wud hv been given to B

 

Yes @Kavita Kandera sir.. Joint acnt no nominee.. My mistk

 

Deepak hooda sir pls help us with the correct and for this question

 

If any of the account holder dies then the account can not be further operated. The balance proceeds shall be payable to survivor.