Nomination Facility

CUSTOMER PROTECTION

Why Is Nomination So Important?

The Nomination Facility is provided under Sections 45ZA to 45ZF of the Banking Regulation Act, 1949 and the Banking Companies (Nomination) Rules, 1985. It allows depositors to nominate an individual who will be entitled to receive the funds in the unfortunate event of the depositor's demise.

No Legal Delays: Having a registered nominee enables the Bank to settle claims swiftly without requiring legal representation, letters of administration, or succession certificates from a court of law.

Fast Settlement

Claims settled quickly within 15 days as per RBI rules

Zero Hassle

No succession certificate or legal court orders required

Easily Modifiable

Change, cancel, or vary nominee anytime at your branch

Peace of Mind

Protects your family and dependents from financial distress

OFFICIAL FORM

Download Bank Nomination Form

Download the official prescribed form for Registration, Cancellation, or Modification of Nomination in Deposit Accounts.

Download Nomination Form PDF Document • Ready to print & fill

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ELIGIBLE DEPOSIT ACCOUNTS

Deposit accounts covered under the nomination provisions

Savings Bank

Individual and joint savings accounts

Current Accounts

Individual and sole proprietorship accounts

Fixed Deposits (FD)

Term deposits of all tenures

Recurring Deposits (RD)

Monthly recurring deposit accounts

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KEY RULES & GUIDELINES

Important statutory conditions regarding nomination

Who Can Nominate?

Only individuals holding accounts singly or jointly can make a nomination. Non-individual entities like companies, partnership firms, HUFs, societies, and trusts are not eligible to nominate.

Who Can Be Nominated?

Only an individual can be a nominee. A trust, society, association, or corporate body cannot be appointed as a nominee. Only one nominee can be registered per deposit account.

Can a Minor Be a Nominee?

Yes. A minor can be appointed as a nominee. However, the depositor must appoint an adult guardian who will be entitled to receive the funds on the minor's behalf in the event of the depositor's demise while the nominee is a minor.

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HOW TO REGISTER OR UPDATE NOMINATION

Simple step-by-step process at your nearest branch

1

Download Form

Download the Nomination Form or collect a physical form from your nearest branch.

2

Fill Details

Enter account number, nominee’s full name, address, relationship, date of birth, and guardian details if minor.

3

Sign & Submit

Sign the application (thumb impression must be witnessed by two persons) and submit to your branch.

4

Acknowledgement

Receive written acknowledgement from the bank confirming nomination registration in your account.

FREQUENTLY ASKED QUESTIONS (FAQs)

While nomination is not strictly mandatory under the law, it is strongly recommended by the Reserve Bank of India (RBI) and the Bank. If an account holder chooses not to make a nomination, they must give a specific written declaration stating that they do not wish to nominate anyone.

Yes, at any time during your lifetime. You can cancel or vary/change your existing nomination anytime by submitting a request or updated nomination form to your branch.

A nominee has no rights whatsoever during the lifetime of the depositor. The nominee cannot operate the account, inquire about balances, or claim any interest in the deposits while the depositor is alive. The nomination only comes into effect upon the death of the depositor.

The nominee needs to submit:

Original Death Certificate of the depositor (with self-attested photocopy).
Claim application form for accounts with nominee.
KYC documents (proof of identity and address) of the nominee.
Original passbook / Fixed Deposit receipt / Cheque book.

For detailed instructions and claim settlement forms, visit our Deceased Customer Claim Settlement page .

Need Help Registering Your Nomination?

Our branch staff is ready to guide you through the process.

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