| Nomination Nomination facility is available for
all deposit accounts, articles in safe custody and safe deposit vaults. Nomination is
available for accounts opened in individual capacity (i.e. single/joint accounts as well
as accounts of a sole proprietory concern) only, i.e. not for accounts opened
representative capacity.
Nomination can be done in favour of one person only. However, I nomination in favour of
more than one person (i.e. upto 2 persons) is permissible in jointly operated locker
accounts with common consent.
Nomination can be made, cancelled or varied by the account holder anytime during
his/her life time. While making nomination, cancellation or variation, witness is required
and the request shou1d be signed by all account holders.
Nomination can be made in favour of a minor also.
For the existing accounts where nomination is not made, the account holder/s can do so
by filling up form available with the branches.
Customers (new as well as existing) are advised to avail nomination facility, if they
have not availed so far.
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