What Is nominee, know In Easy Language – today we will know what is a nominee, whenever we go to open an account in the bank, we are asked for our details as well as we are asked for one more information which is of nomination, so it is called nominee It is said that when we fill the form to open an account in the bank, then there is also a nominee column in it, is it necessary or can we leave it, let’s know this in this post today.
Some people know about the nominee, some people do not know, we all know that if an account holder dies, then how difficult it becomes to withdraw money, even if the banker is a close relative of you, but if If you make a nominee in the account holder, then you will not have any problem in withdrawing money from the account, so everyone should fill the column of nominee in their account opening form. You can put the ones you trust and who you want to entrust your money to. So those who do not know can know through this post, so let us know what is a nominee.
What Is Nominee
First of all, now want to tell you that the person who had an account in the bank is the account holder of that account, if suddenly that person dies due to some reason, then all his money is given to his nominee, that means name only. It is he who is entitled to his money after the death of that person, I think now you must have known what is a nominee and why it is necessary for the account holder.
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When can I make a nominee?
After knowing so much about the nominee, it must be thinking in your mind that when you can make a nominee, for your information, tell us that when you go to open an account in the bank, you are also asked about the nominee. The form also has a nominee column.
In the form, complete details of the nominee are asked such as the address of the nominee, name of the nominee, date of birth of Navami and what is the relation with the account holder. Kids, friends, sisters/brothers who want to make
If you do not make a nominee at the time of opening the account, then you can make it later also, you can make anyone a nominee but at that time you have to go to the bank and you will have to fill a nomination form and go and submit it to the bank. You can also become a nominee later, now you must be thinking that if we can change our nominee, then yes you can change your nominee.
If you know about and use net banking, then this work can be easily done through online net banking and even if you do not use net banking, you can change the name of the nominee, for this you have to You will have to fill up the nomination change form by going to the bank and submit it by going to the bank, in this way you can also change the name of the nominee.
Can I have more than one nominee?
After so much information, you are definitely knowing that what is a nominee, we want to tell you one more thing that you can also make more than one nominee because the bank also asks you that you share such a percentage of your savings. Want to give your nominee, if you want to divide your share in more than one, then you do not want to give their name, you can also fill their name on the nomination form, if you give more than one nominee, then you can give your money as per your wish. In this way you can also create more than one nominee
We hope that this information proves beneficial to you and now you have come to know about the nominee very well.