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My father had invested Rs 2 lakh in RBI 8% tax saving bonds (obtained through Oriental Bank of Commerce) on individual capacity with my mother as nominee. He was drawing half yearly interest from it. Recently he expired.
Now I would like to know weather my mother can continue to receive the interest payment with the Bond transferred in her name . The bond has not yet matured.

2006-12-16 19:04:42 · 2 answers · asked by v303ik 1 in Business & Finance Investing

2 answers

Yes that is why she is the nominee. Plz inform the bank about the expiry with a death certificate.

2006-12-17 05:56:24 · answer #1 · answered by StraightDrive 6 · 0 0

Yes.

2006-12-16 21:35:48 · answer #2 · answered by Cdp 3 · 0 0

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