Legal Question in Banking Law in India

Hi ,

my husband placed 20 lakhs on my name as fixed deposit and i am on the sole owner, can i claim the money to be mine even though the source of the income is not me?


Asked on 4/02/14, 6:36 am

2 Answers from Attorneys

J. Radhakrishnan independent Practice

Only on the FD application signed by you if the FD receipt has been issued in your sole name, you can claim the money whether or not you have no such income to deposit.

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Answered on 4/02/14, 7:00 am
Fca Prashant Chavan Expert Edge LLP

02.04.2014

Dear Madam,

Yes, the money placed in your name in Fixed Deposit is yours.

Regards,

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Answered on 4/02/14, 7:55 am


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