Nomination facility available for bank deposits. |
There can be only one Nominee for a deposit account whether held singly or jointly. |
A resident can nominate NRI as Nominee but the repatriation of amount will be only after permission from RBI. |
A person legally empowered to operate a minor's account can file a nomination on behalf of the minor. |
Applicants can make nomination by filling up the Form prescribed under the Banking Companies(Nomination) Rules 1985 |
The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985 |
For more details approach your nearest branch. |