Legal Question in Banking Law in

is nominee essential for fixed deposit accounts?


Asked on 8/11/10, 8:36 pm

2 Answers from Attorneys

J. Radhakrishnan independent Practice

Nominee is not as such essential. But it is eminently desirable and fit that the deposit holder makes a nomination so that in the event of his dealth, mid maturiity or after before receipt of funds, there is no dispute as to who can claim the same.

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Answered on 8/11/10, 9:53 pm
Aniruddha Pawse Aniruddha.P.Pawse Advocates

no not essential, but advisable

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Answered on 8/11/10, 11:11 pm


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