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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.​

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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