ATM Card Rules: Nowadays everyone opens an account in the bank. Along with opening a bank account, it also provides many other things. Which contains passbook, check book and ATM card. People often need all these three things. The check can be given to anyone to withdraw money from the account. To give it, the account holder does not need to go to the bank. The person to whom the check has been given goes himself and gets it cashed from the bank.
But with the ATM card, the account holder himself goes to the ATM and withdraws money. Has been seen on many occasions. If a person dies, other people in the family withdraw card money from his ATM. But is it right? Is this illegal? Let us know.
Cannot withdraw money from dead person’s ATM
Generally this is seen often. When a family member passes away in someone’s house. Then his family members start handling his account. They also withdraw money from his ATM. But is it legal to do so? So let us tell you that banks do not allow this.
You cannot use someone’s ATM card after his death. Withdrawal of money from the ATM card of a dead person is a legal offence. If the bank comes to know about this. Then the bank can take action against you. You may even be punished.
What method should be adopted?
It is not that you cannot withdraw money from the account of your deceased relative. But for that you will have to follow the rules and regulations. First of all, whatever property is in the name of the deceased person. She will have to get her name transferred. Only then will you be able to withdraw money from his account. If your name is registered as a nominee in the bank account of the deceased person.
Even then you will have to inform the bank about this. When this happens, you have to go to the bank and fill a form. In which the passbook of the deceased person, TDR of the account, death certificate and your Aadhar card, PAN card have to be submitted. You can withdraw money from the account only after the verification process is completed.
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