How will the nomination be mead?
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Answer (1)
27th Mar, 2021
Hello there,
your question is quite incomplete. However if you meant about Banking nomination.
Nomination is the right conferred upon the holder of a bank account to appoint one or more persons who will be entitled to receive money upon the death of the account holder. In the event of death of an account or locker holder, the bank can release the account proceeds or contents to the nominee without insisting upon a succession certificate, letter of administration or court order.
Thank you!
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