No FD Nominee? Legal Heirs Can Still Claim Funds Easily

• Legal heirs can claim Fixed Deposit (FD) amounts even without a registered nominee.
• A nominee is a representative, but actual ownership belongs to legal heirs (spouse, children, parents).
• Required documents include Death Certificate, Succession/Legal Heir Certificate, ID proof, and a claim form.
• RBI rules state nomination is not mandatory but simplifies the claim process.
• Families should not panic; the banking system protects heirs' rights with proper documentation.