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POSTED BY ON October 10, 2013 8:35 am COMMENTS (4)
Sir
I hold General power of attorney for my Daughter under which she has conferred all powers like making application to all govt offices, and even filing affidivits in courts and selling her property etc Except signing of signing
Recently I submitted a couple of matured FD”s with discharge endorsement ( like received Payments) signed by me to her bank with a copy of GPA and requested Manager to encash the same and credit the same into her SB A/c
Manager refused to Honour the GPA and discharge endorsement given under my signature and insisted that she herself has to sign the discharge
Please enlighten me whether he is right to refusing to honour the GPA under reference? Provisions under which i Should proceed against the Bank
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sure sir
thats what i have sought under RTI
thank u
Dear Subhash, thanks for the update. I was in the impression that your D’ter is out of India and had handed over her GPA to operate her accounts in her absence. The basic rules regarding operational rights still remain same, no matter it’s RI or NRI. If you are still in doubt, you may demand in written from the Br. Manager to provide the copy of the circular which says so (presence /signature of your D’ter).
Thanks
Ashal
Sir
the link u suggested deals with NRI a/c
where as my query is regarding domestic nationalised Bank SBH
Dear Subhash, please check point no. 19 in the below link.
onlinesbi. com/nri/sbinri_faq.html
Thanks
Ashal