Legal Question in Banking Law in India

Re: banking law

You can add your mother's name as second holder by making a joint application with your mother to the bank, stating that her name be added as second holder with 'either or survivor' or 'former or survivor' and your mother stating that she would be bound by the rules of the bank as to the deposit. In such a case there is no need to cancel the nomination. However in the event of adding your mom's name as second holder, with either or survivor or former or survivor mandate, it is advisable to cancel the nomination after her name is included in the deposit receipt and both of you submitting a variation form naming a nominee agreeable to both of you.

Re: banking law

you can straightaway seek help from the concerned bank staff and they will do it for u. its a petty issue.

Re: banking law

nomination facility is available with banks . The nomination can be changed . However it can't be chnaged time and again . You have take a proper decision while submitting nomination and changing the same

Re: banking law

nomination facility is available with banks . The nomination can be changed . However it can't be chnaged time and again . You have take a proper decision while submitting nomination and changing the same

Re: banking law

Yes you can add your mom's name as second holder. Give a letter to your bank stating the above fact they will do the rest

Re: banking law

you may contact to the concerned bank for further information.

Re: banking law

Contact the bank manager of your bank and move necessary application in this regard.