Online Payment

What is Nomination Facility? Nomination is a facility that enables a deposit account holder(s) (Individual or Sole Proprietor) or safe depost locker holder(s) to nominate an individual who can claim the proceeds of a deposit account(s) or contents of the safe deposit locker(s), post the unfortunate demise of the original depositor(s) or locker holder(s). Nomination facility is available for all deposit accounts, articles in safe custody and safe deposit vaults. What is the benefit of Nomination facility? The benefit of nomination is that in the event of death of an account holder(s) or locker holder(s), the bank can release the account proceeds or contents of the locker to the Nominee(s) without insisting upon Indemnity, affidavit, Succession Certificate, letter of administration or court order. Online Nomination can be done for single user account only, if you have joint account, then you need to visit bank's branch for further proceedings. Now let's see how to do online nomin...