My mother and I, along with my sister, have two joint Post Office MIS accounts that are due to mature next month. My mother doesn’t want to continue holding these accounts with us and is planning to reinvest her share with a relative. While I understand her decision and agree with an equal division of the money, she seems hesitant to release my share. Can you advise me on the best way to ensure I receive my rightful portion of the maturing funds?
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Based on Indian law, you have a legal right to your share of the maturing MIS accounts. If your mother refuses to release your portion, you can approach the post office and request a joint withdrawal. They can verify your identity and disburse the funds accordingly. If the post office fails to comply, you can seek legal advice and file a civil suit to claim your rightful share.
- Apni Law answered 2 years ago
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