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What is the procedure to close the account if the deceased account holder forgot to make a nomination?

April 26, 2017account deceased Forgot nomination procedure

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What is the procedure to close the account if the deceased account holder forgot to make a nomination?

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Ans: If balance is more than Rs 1 lakh, succession certificate is required. But if the balance is up to Rs 1 lakh, it can be claimed by legal heirs by filing Form G along with i) a letter of indemnity, ii) an affidavit, iii) a letter of disclaimer on affidavit, iv) a death certificate.