NEWS & ADVICE : FIXED DEPOSITS
Need of nomination in bank accounts
By Neelima Shankar
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Every person plans to leave behind whatever estate he has for his dear ones so that they can lead a comfortable life even after he is gone. But many a times people become so indulged in securing big money for their family that a small bank account running in their name skips the eye.

The result is a recent observation that there is a huge chunk of money lying with banks with practically no owner to claim it. Research indicates that the money mostly belongs to Hindu Undivided Families (HUF) and those who expired before nominating somebody for their money.

A slight carelessness on the part of the account holder makes the money unusable by his family members after his demise. It is for this reason that the government has implemented the nomination scheme with respect to all banks.

Nomination scheme allows every individual opening a bank account, the facility of naming a person as nominee of the account and its possessions after his death. In other words, the nominee is entitled to the amount lying in the account in case of death of the individual.

Nomination facility is given for all kinds of accounts namely single or joint account. In order to file a nomination, the individual is required to fill form DA-1. The facility can be availed for fixed deposits, savings account, current account and recurring deposits.


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(Comments Posted : 2) Post Your Comments
1. Welcome to Thomas Credit Firm, I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan for a interest rate of 2% per annul for a minimum of 100.00 to a maximum of 100,000,000.00 rubles, dollars, pounds, euros, etc. The maximum loan term we can offer is 30 Years at fixed interest rate.
Available Loans
* Personal Loans (Secure and Unsecured)
* Business Loans (Secure and Unsecured)
* Combination Loan (Secure and unsecured)
* Consolidation Loan (Secure and unsecured)
* Mortgage Loans (Secure and unsecured)

Interested candidates should please contact us today for your online quick and easy loan without collateral deposits. Email: thomascreditfirm@gmail.com

Sincerely,
Thomas Dawson (Posted: Jul 9, 2015)
2. Welcome to Thomas Credit Firm, I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan for a interest rate of 2% per annul for a minimum of 100.00 to a maximum of 100,000,000.00 rubles, dollars, pounds, euros, etc. The maximum loan term we can offer is 30 Years at fixed interest rate.
Available Loans
* Personal Loans (Secure and Unsecured)
* Business Loans (Secure and Unsecured)
* Combination Loan (Secure and unsecured)
* Consolidation Loan (Secure and unsecured)
* Mortgage Loans (Secure and unsecured)

Interested candidates should please contact us today for your online quick and easy loan without collateral deposits. Email: thomascreditfirm@gmail.com

Sincerely,
Thomas Dawson (Posted: Jul 9, 2015)
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