If nomination is done in Bank or sahakari bank Or co operative bank for Bond scheme but Bank bags no objection letter or succession certificate from all legal heirs to transfer the amount in favour of nominated person. So what are the laws of RBI for all Banks for Nominations. So as per above case, can the beneficier person get the amount without No objection letter or succession certificate?

Gujarat 09 Aug 2025, 05:36 AM Language: English

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As per the guidelines issued by the Reserve Bank of India (RBI) for all banks, including cooperative banks, regarding nomination facilities, the nomination made by an account holder will be the sole factor determining the rightful recipient of the account proceeds in the event of the account...

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