If the fixed deposit is an Individual account and the Individual has nominated a kin as his successor, the kin has to produce a death certificate of the demised depositor and claim the amount.
Where the deposit has been made as “Either or Survivor” (or) Any one of Survivor (or) Jointly, the claimants have to submit a letter informing the Nidhi of the demise of one of the depositors, submit a letter informing the demise of the depositor along with a copy of the death certificate and claim the amount.
Where the depositor has not made any nomination, the claimant/claimants have to submit a death certificate and legal heir certificate and thus can claim the deposit amount.
For more detailed information, you can visit the nearest branch.
Interest amount is subject to TDS subject to Section 194-A of the Income Tax Act of 1961