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..., "payable to either or survivor." The receipt of the bank was dated the 24th May in the following terms : Received from L. Teku Ram, house proprietor and his wife, Bibi Gujri, payable to...either or survivor, rupees one lack, only, as a deposit, bearing interest at 5 per cent, per annum, requiring twelve months' notice of withdrawal and subject to the general rules of the Bank with...that the question whether a fixed deposit in a bank in the name of two persons payable to either or survivor was in fact payable to the survivor, or belonged to the estate of the person who originally...

...Ruma Pal, J.— Leave granted.2. This appeal raises the issue whether a fixed deposit jointly owned with an “either or survivor” clause can be pledged...Industries and that Mam Chand was entitled to do so because the fixed deposit receipt had specified that it was payable to “either or survivor”. The District Forum, however, came to the conclusion...Commission. The State Commission proceeded on the basis that Mam Chand had validly pledged FDR with the respondent Bank. It held that since the fixed deposit receipt was payable to “either or survivor” it...

... ...,, - - ( 07/11/2017 ) 1. . . 2. . 04/11/2011 .7,50,000/-, . . 17/08/2011 . 4,75,000/-, . EITHER OR SURVIVOR . . . 2012.... . , . - . , . . , . 14,520/-, , . 3,50,000/-, . 12,10,838/-, . 3. . . 17/08/2011 EITHER OR SURVIVOR . MANDATE FORM . . 15/11/2011 MANDATE FORM . MANDATE FORM . . 09/06/2005..., . . , . . . . 4. , . . . . 5. . () . . 04/11/2011 17/08/2011 . 7,50,000/-, . 4,75,000/-, . . . EITHER OR SURVIVOR . . 2012 . . , . . 19/07/2005 23/08/2012 . 6. . 15/11...

...This is an application for leave to set off the amount standing to the credit of the applicant in the Current and Savings Bank either or survivor account in the name of the applicant and...account about April 1937 in the Calcutta Branch of the bank in his name and in the name of his wife Gowri Amma on either or survivor account and deposited some amount, that the money deposited belonged to...amount in the said account by his wife in the event of her surviving him, he joined her name also in the said account and made it an either or survivor account. It appears from the accounts of the...

...operate the two accounts is on “either or survivor” basis.This writ petition is, therefore, disposed of with a direction upon the Howrah District Central Cooperative Bank Limited to...immediately allow the petitioner to operate the said two bank accounts, if the mandate to operate the two accounts is on an “either or survivor” basis.Urgent photostat certified copy of this order, if applied...

...- 20.20.2013 , 17.12.2012 0-26 27 , Jointly Tick Either or Survivor Tick 0-27 Joint - , , , , 0 1,00,000.00 , 0 5000.00... Either or Survivor Tick , 1,00,000.00 0 -4- 1,00,000.00 0 , 5,000.00 0 , , 5,000.00 0...

...plaintiff herein with an arrangement of payment to either or survivor. The fixed deposit was for three years and the date of maturity was mentioned as 4.7.1987 It is in the meantime, on 5.9.1984, as...over the deposited amount will be deposited in the Savings Bank Account of Sengoda Gounder and for the residue in the F.D.R will be disposed of according to the principle of either or survivor.5...:“Banks have now accepted the view that in an account, where the operation is by “Either or Survivor”, the survivor is the only person who is entitled to the balance thereof after the...

...the name of Ram Narain Gupta and Sona Devi and mode of operation is Either or Survivor. In case of either or survivor account on death of one joint account all right of the operati...name of Ram Narain Gupta and Sona Devi and mode of operation is Either or survivor . In case of either or survivor account on death of one joint holder all the right of the...operation was either or survivor. In case of either or survivor account on death of one joint account, all right of the operation of account automatically falls in the hand of remaining joint acco...

...of the will. On 1st November, 1951 Mrs. Folkes wrote to the Manager of the Bank that the current account of the deceased Mrs. Jones had been converted into a joint either or survivor account at the...balance at credit of the joint either or survivor account with the Bank standing in the names of the deceased Mrs. Jones and Mrs Folkes. Mrs. Cowdrey and Mrs. Folkes set out their respective claims to the...account by the late Mrs. Jones into a joint either or survivor account in the names of herself and Mrs. Folkes was only for the purpose of convenient operation of the account during her lifetime owing...

...District Consumer Forum committed no error thereby passing the impugned order there being the condition for the operation of the accounts to be operated by Either or Survivor of the joint account holders...account by Either or Survivor amongst the joint account holders, Smt. Saroj Kapahi was entitled to operate the account in the state of death of the joint account holder Sri Ramesh Kumar Karir. Hence we...or Survivor amongst both the parties. Amongst the appellants the appellant no.1 is the wife of late Sri Ramesh Kumar Karir, appellant no.2 is the son of late Sri Ramesh Kumar Karir...

.... Since, the petitioner is one of the person named in the joint fixed deposit and since the fixed deposit is on either or survivor basis, the Bank is obliged to honour its maturity in favour of the...the private respondents. He submits that, since the fixed deposit is on either or survivor basis and since the petitioner is one of the joint account holder, the proceeds of the fixed deposit must go to...record.6. There stands few fixed deposits in the joint names of the deceased and the petitioner. The fixed deposits are on either or survivor basis. Normally, the Bank would be obliged to...

....1 & 2 cannot deny payment of FDR to him as there was direction for operation of FDR by either or survivor. Prayer is made to give direction to Bank to disburse the amount in favour of petitioner...held that ''either or survivor'' clause in an account means that amount is payable by Bank on maturity of fixed deposit receipt to either of the account holder in order to obtain a valid discharge...''either or survivor''. If an account is in name of two individuals suppose A or B then final balance along with interest if applicable will be paid to either of the account holder i.e. A or B on...

...account in question is operated under the contract either or survivor and the District Commission failed to understand that the joint signatures are not required is unacceptable, since either or survivor is...

...repayable 12 (twelve) months after date with interest at the rate of three (3 p.c) per cent. per annum to Either or Survivor.Rs. 4,000Cashier, Sdl. PravashMazumdar...sent in for payment or renewal endorsed by the Depositor No. …… notice will be served by the Bank”.4. The fixed deposit was repayable 12 months after date to either or survivor.5...Fund these two accounts had been made repayable to either or survivor. The total sum due in these two accounts is Rs. 1,360.6. There is no evidence that either Benode Behari Sarkar or...

...account was held by the deceased father of the writ petitioner jointly with his wife who the mother of the writ petitioner in 'either or survivor' mode and upon demise of one of the account holders..., such account devolves upon the other. 4. In any event, this issue cannot be adjudicated in a writ petition, more particularly, considering the nature of the account viz. 'either or survivor'. ...

...(Exhibit C) for opening the joint account, it was mentioned “payable to either or survivor”. In the said account names of Jamadar @ Jamadar Deogam and Palo Kui were mentioned.2. Jamadar...was joint account in the name of Jamadar Deogam and Palo Kui and the amount lying therein was payable to “either or survivor”, i.e the entire amount was payable after death of one of them to the other...

...holder. The locker was in operation of either-or survivor. Over a period, the second holder made objection on operation of locker in either or survivor. Locker operation was change...joint operation from either or survivor. The SBI employee by using his influence of being a SBI employee want to misuse his position and authority to manipulate the records which may...) 5. Mode of operation 6. Date by when locker could be operated under either or survivor operation...

..., the bank filed reply by submitting that the saving account was opened as operational under the head of '' either or survivor'' and not '' jointly'' therefore, the instructions issued by the Head Officer... -3- was 06.12.2020 and amount of Rs.55,62,182/- was payable after maturity with interest of the FDR on '' either or survivor''. There... A Self A dies Outstanding will be payable to the legal heirs or any one of them mandated by all of the legal heirs. A,B Either or Survivor ...

...is a case of joint account in a Bank and the amount is payable to either or survivor, the nature of the case requires that it is treated as an exception to the general rule we mentioned. This is...either or survivor, the appellant, as between the Bank and herself, would be entitled to draw the same in her own right. On that view, it may not even be necessary to obtain Letters of Administration....3. It is, however, strenuously contended before us that, even on the footing of the amount payable to either or survivor, since there is no presumption in favour of the wife, all that could be...