The legal heirs or claimants of a deceased person can write a letter of disclaimer to the bank where the deceased was holding account(s). Such a letter is written to the bank requesting final settlement of the balance amount lying in the account and credit of the money to their respective accounts.
The bank may insist on the claimants to submit the letter in the form of an affidavit to be printed in stamp paper, signed by all the claimants and notarised by a notary or magistrate, wherein they undertake to bind themselves for any future disputes or claims from other parties.
Following format can be used. Modify it suitably as per your need. Add all the details correctly to avoid any repetition of work.
TEMPLATE The Branch Manager (Name of the Bank) (Name of the Branch) Sub.: Settlement of claims in respect of deceased account holder Ref: Savings account no. . in the name of . Dear Sir/Madam,With reference to the captioned account, we advise that (Name of the deceased account holder), the holder of the said account has expired on (date). A copy of the death certificate is enclosed herewith for your kind information.
Late (Name of the deceased account holder) was maintaining the said savings account and had two Fixed Deposits (FDs) linked to that account. As per our information, the said savings account had a balance of (sum of money). Bank passbook, ATM card, cheque book and FD original receipts are enclosed herewith.
We are herewith lodging our claim for the above balances with accrued interest of the above named deceased in terms of succession certificate / court order dated . Copy of which is enclosed herewith. We declare that we are the legal heirs of Late (Name of the deceased account holder). Kindly note the following information for your records.