Letter to Bank: settlement claim on deceased person's account

Letter of disclaimer to bank by legal heirs/claimants for settlement of balance amount lying in the account of a deceased person, whereby the legal heirs/claimants together make claim on the money lying in the account and request the bank to credit the money to their accounts and further they undertake to bind themselves for any future disputes or claims from other parties.

The bank may insist on the claimants to submit the letter in the form of an affidavit to be printed in stamp paper, signed by all the claimants and notarised by a notary or magistrate.

Following format can be used. Modify it suitably as per your need. Add all the details correctly to avoid any repetition of work.

FORMAT

Date: .................

To

The Manager

(Name of the Bank)

(Name of the Branch)

Sub.: Settlement of claims in respect of deceased account holder

Ref: Savings account no. ................ in the name of ..................

Dear Sir,

With reference to the captioned account, we advise that (Name of the deceased account holder), the holder of the said account has expired on (date). A copy of the death certificate is enclosed herewith for your kind information.

Late (Name of the deceased account holder) was maintaining the said savings account and had two Fixed Deposits (FDs) linked to that account. As per our information, the said savings account had a balance of (sum of money). Bank passbook, atm card, cheque book and FD original receipts are enclosed herewith.

We are herewith lodging our claim for the above balances with accrued interest of the above named deceased in terms of succession certificate / court order dated .......... Copy of which is enclosed herewith. We declare that we are the legal heirs of Late (Name of the deceased account holder). Kindly note the following information for your records.

S.No. | Name of the legal heir | Age | Address | Relationship with the deceased
   1.
   2.

We have to advise that we have no objection to your paying the balance amount lying in the said account with your bank and the FDs in the name of the Late (name of the deceased account holder) to the following claimants.

S.No. | Name of the claimants | Age | Address | Relationship with the deceased | Signature

   1.

   2.

   3.

We solemnly declare and affirm that neither we nor our heirs or legal representatives will revoke the declaration made herein. We further undertake to bind ourselves without questioning the bank's action for the payment of the balance in the said account and FDs maturity value to the above mentioned claimants and for any legal proceedings or third party claim arising out in future in relation to this matter.

We declare that the facts stated above are true and correct to the best of our knowledge and belief.

Kindly acknowledge the receipt and oblige.

Thanking you,

Yours sincerely,

  signature

(Name of the Legal heir)

 signature

(Name of the Legal heir)

Enclosed:

1) Identity and address proofs of claimants (self attested).

2) Copy of Death certificate of deceased. Certified by a gazetted officer.

3) Indemnity letter on stamp paper.

4) Bank passbook, ATM card and cheque book.

5) Certified copy of Succession/Legal heirship certificate issued by competent authority.

6) Original FD receipts.