Know what is Nominee in easy language
let’s know today What is Nominee When we open an account in the bank, then our complete details are taken from us, along with this one more information is taken from us which is of nomination, so what is this nominee when we fill the account form, then the column of bank account Nominee in the form also It happens whether this is some important information or can we skip it, then many people know about it but many people do not know about it, if you do not even know, then today we are going to tell you about it. are going.
We all know that if an account holder dies, then it is very difficult to withdraw money from his account, even if you are his relative, then you face many difficulties, but when the account holder makes a Nominee, then his money There is no problem in withdrawing, so everyone should make one of his parents, wife or children Nominee in his account.
What is Nominee
Let us tell you that the person who has an account in the bank is called the account holder of that account, so if the account holder dies suddenly due to some reason, then whatever money he has in the bank account is given to his nominee. Meaning the nominee is the person who is entitled to take money from the account holder’s bank account after the death. So now you must have known what is Nominee and how important it is for the account holder.
After this information, many questions will be arising in your mind like when can we make a Nominee, then tell you when you open an account in the bank, you are also asked about making a nominee. There is a column of nomination in the account form. In which you have to fill the details of the nominee such as the name of the nominee. His address, his date of birth. What is his age and his relation to the account holder. The account holder can make anyone a nominee, including parents, wife, children and friends.
If you have not made a nominee at the time of account opening, then you can make anyone a nominee later, for this you will have to go to the bank and fill a nomination form and submit it to the bank, in this way you can also become a nominee later. Now you must be thinking can we change the nominee then the answer is yes because you can change the name of your nominee anytime. If you use Net Banking, then this work is also done with Online Net Banking. is work.
After reading this post you must have known that What is Nominee Let me tell you one more thing here that you can make more than one nominee because the bank also asks you what percentage of your savings you want to give to the nominee. If there are more than one nominee, then you can make them equal partners as per your discretion.