NOMINATION FACILITY

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.