How NRIs Can Avoid Legal Delays in Getting a Succession Certificate
Introduction Those are the exact words that were spoken by Rajiv (name changed), a US-based NRI who contacted us after his father's Indian bank accounts had been frozen by a US government agency. I believe that he assumed that an email and a copy of the passport, as well as a copy of the death certificate, would suffice. But that wasn't the case. To process the loan, the bank requested a succession certificate from an Indian court . As a result, a year-long ordeal, including incorrect documents, a rejected power of attorney, missed deadlines, and so on. By the time everything was finally in order, the funds were on the verge of being classified as unclaimed, and the family relationships had been severely strained by the whole process. Stay away from this. Succession Certificate is Inviolable A succession certificate has to be obtained from an Indian court when an individual dies without a Will in India in order to be able to transfer their movable assets, such as bank accounts...