Awareness Fridays: Your Bank Should Now Acknowledge Nomination and Indicate the Name of the Nominee in Pass Books and Fixed Deposit Receipts

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Key excerpts from a recent circular issued by the Reserve Bank of India. The problem. It has been brought to our notice that some banks do not have the system of acknowledging the receipt of the duly completed form of nomination, cancellation and/or variation of the nomination. Further, it is also understood that in some […]