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.
Answered on 8/11/10, 9:53 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
no not essential, but advisable
Answered on 8/11/10, 11:11 pm
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