Legal Heirs Can Claim FD Without Nominee: A Comprehensive Guide

• Indian banking rules allow legal heirs to claim fixed deposits even if no nominee was named, provided they follow due process and submit required documents.
• A nominee is a custodian to receive funds, not the owner; legal ownership remains with rightful heirs as per succession laws.
• To claim an FD without a nominee, proof of death and legal right to inherit funds are required, such as a death certificate and a succession or legal heir certificate.
• In cases of intestate succession (no will), children and spouse are typically primary heirs.
• Delays in disbursement often stem from missing nominations, KYC mismatches, or disputes among heirs; updating nominations and making a will can prevent issues.