By Admin 
Bank account nominee: Whenever you go to open an account in the bank, you are asked to add the nominee. Whether it is a savings account or a joint or current or demat account, it is necessary to get a nominee add. For this, the person who wants to make a nominee has to be given information about the name, age, account holder and the address so that if the account holder dies under any circumstances, then the money deposited in the account is transferred to the nominee.
People can make more than one nominee if they want. In this situation, money is distributed equally to all. Not only this, many banks also provide such facilities that in which you can mention which nominee to give. Now the question is, who can you make a nominee? If the account holder is married, then the legal successor is his wife, children and parents and if the account holder is not married, then his parents and siblings can claim the money deposited as the successor, but for this, one has to go through paperwork.
Get money like this
- If there is no nominee in the bank account, then after the death of the account holder, his death certificate will have to be submitted to the bank.
- Along with this, it is also necessary to submit a heir certificate or succession certificate to the bank for the legal heir so that the bank can ensure that the money is given to the right person. Other documents also require documents such as the passport side photograph of the legal heir, KYC, letter of disclaimer anxcher-A, letter of indemnity anxcher-C, residential proof.
- After this, the bank examines the legal documents and if needed, he can ask for succession certificate from the court.
- After completion of all the formalities, the bank pays the money to the nominee.
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