Who will get the money after the death of the FD holder? Children, grandchildren or nominee, know the rules. Who Gets Fixed Deposit Money After Account Holder Death Who Gets Fd Ka Paisa?

Do grandchildren get FD money?

Often people assume that grandchildren will also get a share in the FD directly, but the reality is a little different. If the son or daughter of the deceased is alive, then his children or grandchildren have no direct right on the FD. The law clearly states that grandchildren are entitled only if their parent, i.e. the son or daughter of the deceased, has already passed away. In such a situation, grandchildren become entitled to the same share in place of their parents.