1 thought on “SMS you have not registered nomination in your account settlement of claim

  1. Nomination facilities are available only in the case of individual depositors and not in respect of persons jointly depositing articles for safe custody.
    While returning articles kept in safe custody to the nominee or nominees and surviving hirers, banks are not required to open sealed/closed packets left with them for safe custody while releasing them.
    In the matter of returning articles left in safe custody by the deceased depositor to the nominee, the Reserve Bank of India, in pursuance of sections 45ZC(3) and 45ZE(4), read with section 56, of the Banking Regulation Act, 1949, has specified the formats for the purpose.

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