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| Question 25As per BCSBI Banks are required tosettle the claims in respect ofdeceased depositors and releasepayments to survivor(s) / nomineewithin a period not exceedingfrom the date of receipt of the claimsubject to the productior of proof ofdeath of the depositor and suitableidentification of the claimant(s), tothe bank's satisfaction. |
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Answer» Answer: As per BCSBI Banks are required to settle the CLAIMS in respect of deceased DEPOSITORS and release payments to survivor(s) / nominee within a PERIOD not exceeding from the DATE of RECEIPT of the claim subject to the productior of proof of death of the depositor and suitable identification of the claimant(s), to the bank's satisfaction. |
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