Only one nominee is permitted per deposit irrespective of the mode of deposit and the nominee comes into the picture only on the death of all the joint holders. In case of a nomination on lockers on a Either or Survivor or jointly to operate mode, each locker holders can nominate his/her nominee and the nominee(s) can access the locker jointly with the survivor on the death of one of them.
What is the difference between nomination on deposits and nomination on lockers? Print
Modified on: Mon, 11 May, 2020 at 6:00 PM
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