Death Claim Letter Format For Bank Settlement

Losing a loved one is an emotional and challenging experience, and it often comes with the added responsibility of settling financial matters, such as bank accounts and assets. To facilitate this process, it becomes necessary to draft a Death Claim Letter, which serves as a formal request to the bank for the settlement of the deceased individual’s accounts and assets.

The Death Claim Letter is a crucial document, both for the grieving family and the financial institution. It outlines the essential details related to the deceased account holder, such as their name, account numbers, date of death, and the necessary documentation to process the claim.

This letter format not only expedites the settlement process but also ensures that the deceased’s financial matters are handled with care and sensitivity. In this guide, we will provide you with a sample letter format that you can use as a template when communicating with the bank to request the settlement of the deceased’s accounts, helping you navigate this challenging period with clarity and ease.

Sample Death Claim Letter Format For Bank Settlement

TEMPLATE

Date: ……………..

To,
The Branch Manager
(Name of the Bank)
(Name of the Branch)

Sub.: Settlement of Claims in Respect of Deceased Account Holder
Ref: Account No. ……………. in the Name of ………………

Dear Sir/Madam,

I am writing to inform you that (Name of the deceased account holder), the holder of the above-mentioned account, has passed away on (date). Please find enclosed a copy of the death certificate for your records.

Late (Name of the deceased account holder) had maintained the aforementioned account with your bank, which had a balance of (sum of money) at the time of his/her demise. There were also two fixed deposits (FDs) linked to the account, the original receipts of which are enclosed with this letter.

As per the succession certificate/court order dated ………., a copy of which is also enclosed, we are the legal heirs of Late (Name of the deceased account holder) and would like to lodge our claim for the above balances with accrued interest. We declare that we have no objection to your paying the balance amount lying in the said account with your bank and the FDs in the name of the Late (Name of the deceased account holder) to the following claimants:

We confirm that the aforementioned individuals are the legal heirs of the deceased and we have enclosed their identity and address proofs, which are self-attested.

We would like to affirm that neither we nor our heirs or legal representatives will revoke the declaration made herein. We further undertake to bind ourselves without questioning the bank’s action for the payment of the balance in the said account and FDs maturity value to the above-mentioned claimants and for any legal proceedings or third party claim arising out in the future in relation to this matter.

We declare that the facts stated above are true and correct to the best of our knowledge and belief.

Kindly acknowledge the receipt of this letter and the enclosed documents at your earliest convenience.

Thank you for your cooperation.

Yours sincerely,

(signature)
(Name of the Legal heir)

Enclosed:

Identity and address proofs of claimants (self-attested).
Copy of Death certificate of deceased. Certified by a gazetted officer.
Indemnity letter on stamp paper.
Bank passbook, ATM card and cheque book.
Certified copy of Succession/Legal heirship certificate issued by competent authority.
Original FD receipts.