In the following example a bank customer can have many accou

In the following example, a bank customer can have many accounts with a bank, and an account can be associated with one or more customers. An account can have associated with it one ore more \"Terms and Conditions\" and a single \"term and condition\" can be associated with more than one account. A customer can have different accounts associated with different branches of the bank. However, a single account can only be associated with one branch. Assuming the branch is a separate entity on the ER diagram, add to it the appropriate place in the ER and the relational models. Draw the needed relationships. For the same problem above, draw the entity relationship diagram with appropriate cardinalities (including the upper and lower bounds) associated with the relationship. Based upon the entity relationship diagram, create a relational model (in 3rd normal form). Identify any needed primary and foreign keys and draw the relationship lines between the specific attributes in each entity that are associated with the relationship.

Solution

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Bank Fixed Deposit (FD)-What to do when depositor dies before maturity?

Last updated: September 22, 2016 | by Basavaraj Tonagatti 164 Comments

We all have Bank Fixed Deposit (FD), at least a one. However, have you ever thought of what will happen when depositor dies before maturity? Whether your nominees or family members know the rules?

Recently, one of my blog readers asked this question. His father had some Bank Fixed Deposit (FD). Recently, his father died. Therefore, this reader is in a dilemma of whether to inform the bank now itself and withdraw the money or he has to wait till maturity. Remember, this particular Bank Fixed Deposit (FD) was fixed at a higher interest rate than what it is available now.

Before understanding this common problem. First, let us understand the rights of a nominee in case of Bank Fixed Deposit (FD). It is very much important to appoint nominee in all your financial transactions. Otherwise, you may end up with cases like THIS. In the case of Bank Fixed Deposit (FD), below are the few rights of nominees.