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Nomination / Claims

 

Nomination:

The facility of nomination is available for Cash Certificate accounts.

Claims:

On the death of the depositor who has been maintaining the account in his/her single name, the amount standing to his/her credit will be paid to such person or persons as are legally entitled thereto, on the production of satisfactory proof of his/her/their title to receive the balance at credit, such as succession certificates, probate of will or letter of administration granted by a competent court or any other proof as the bank may consider sufficient to the circumstances of the case. However, if the depositor (s) has/have nominated a person to receive the payment of the deposit amount after his/her/their death under the bank's Nomination rules then the bank is discharged on making payment to the nominee.

 

 

 
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