AMFI Registered Mutual Fund Distributor | SEBI registered Investment Adviser
                Fundsupermart.com | Global   
SEARCH 
  Help us contact you
  *   
  *   
     
 
Forum Main Page > Global Forum > General      
Today's Posts      Latest 50 Posts      Search      Forum T&C      Nickname Registration      Login     
Post Reply
Page 1 of 1   1 
FSM Beneficiary Account
Slayer_MY 03-07-2012, 11:47:28 PM GMT



Joined Since: 06-11-2009
Nationality: Malaysia
Posts: 41 times




Under the FAQ section it is said,

You can open one personal account and up to three beneficiary accounts. Do take note that you are still the primary operator and owner of all the accounts. The beneficiaries do not have rights over this account as long as you are living. When you transact under the beneficiary accounts, you can only use cash investment and not your savings in EPF Account 1.

My question is, cash redemptions from a beneficiary account are to be paid to the beneficiary, the account operator/owner, or either one can be specified during redemption?

Please advise.

Thanks in advance!

last edited at 03-07-2012, 11:48:01 PM GMT
Reply    Quote    Mail message to friends
FSM Team_MY  (Administrator) 04-07-2012, 03:05:07 AM GMT



Joined Since: 30-03-2012
Nationality: NA
Posts: 79 times




Hi Slayer,

Please be informed that the cheque will be issued under main account holder name only.

Thanks.




last edited at 04-07-2012, 03:06:32 AM GMT
Reply    Quote    Mail message to friends
Post Reply
Page 1 of 1   1 
Forum Jump