can nominee continue fd after death?
No, a nominee cannot continue the FD in their own name after the death of the FD holder. When you open a Fixed Deposit (FD), you invest a lump sum for a fixed tenure (say 5 years) and earn a fixed interest rate. Along with the FD, you are asked to add a nominee who will get the money after the death of the accountholder.
Nominees can approach the bank to claim the FD amount and the bank will release the money to the nominee (principal + interest accrued till the date of death).
A nominee cannot continue the FD after the death of the holder. The FD is closed, and the money is handed over to the nominee/legal heirs, who can then reinvest it separately if they wish.