Sunday, August 20, 2017

COMMENTS NO: YEAR/2012/362

"OLD MAN:'My wife died last year. Nowadays, I am also not feeling well. I have only one son. My daughter-in-law always threatens me that she will send me to an Old Age Home if I don't transfer all the money of my Fixed Deposits in this Bank to her Savings Account which is in Either or Survivor Mode with her husband. That's why; I have given an application letter to this Bank regarding it.' BANK OFFICER:'As per the RBI guidelines, the money kept in the Fixed Deposit Account of Mr.X can never be transferred to the Savings Account of Mr.Y. I will transfer the money of your Fixed Deposit to your Savings Account and then you withdraw the cash from your account and give it to her.'"-Arindam Sain

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