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Indian Military VeteransIMPORTANCE OF NOMINATION FOR PENSION ACCOUNTS
Dear Veteran brothers,
We all should know the importance of Nomination to our pension account.
Every pensioner/ Family pensioner is advised to furnish Nomination to our Bank.
As per RBI instructions, we can Nominate 4 persons as nominees in order with % to each of them
If the spouse is alive, she is the first Nominee and there is no problem.
When a Nomination is registered with the Bank, it is easy to settle the account in the event of death of pensioner.
We can avoid submission of many documents like, Affidavit, Indemnity Bond, Surety letters, Legal heir certificate, consent from other heirs and so on.
When a Nomination is available, the nominee need to submit Death certificate of pensioner, and proof his nomination and genuineness of the nominee. If the Nominee has account with the same Bank, then it is easy,
Hence, all pensioners are advised to Register Nomination in NOMINATION FORM A to their bank pension account to avoid delay and harassment in settling the account after their death.
If the nomination is registered, it will be notified in our Bank. pass book.
this Form.
Exp:3%
NOTIONAL FIXATION USING BASIC PAY FROM 3rd CPC TO 7th CPC
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