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Modern India Needs to Change Outdated Transmission Processes, Probate & Threat of Coercive Action

The death of a loved one is a universally painful experience. In India, the confusion around transmission of assets renders the process of claiming one’s inheritance even more painful, especially when the deceased is the bread-winner of a family who has not made a Will or been careful about listing nominees.

Delhi , India , Kolkata , West-bengal , United-kingdom , Mumbai , Maharashtra , British , Indian-banks-association , Moneylife-foundation , Exchange-board-of-india

Unclaimed Bank Deposits: RBI Issues New Directions To Help Recover and Refund Money to Rightful Claimants

Strengthening its ongoing efforts to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners or claimants, the Reserve Bank of India (RBI) has issued a revised set of instructions

India , Sucheta-dalal , Prashant-bhushan , Supreme-court , Reserve-bank , Crore-lying , Inoperative-bank-accounts , Way-to-becoming-unclaimed-funds , Unclaimed-deposits , Prashant-bhushan-to-file , Steps-to-inform-legal-heirs , Mutual-fund-returns