PSB Bank Nomination forms PDF file

PSB Bank Nomination forms PDF file from Download

The provided PDF is Form No.: Nom – 1 (Nomination Form) issued by Punjab & Sind Bank (p. 1). It allows customers to make, cancel, or vary a nomination for bank deposits, articles in safe custody, and safety lockers under the Banking Companies (Nomination) Rules, 2025 (p. 1).

Key Points of the Form

Up to Four Nominees: Customers can nominate up to a maximum of four individuals per account or locker (p. 2).
Two Types of Nominations:
- Simultaneous: Multiple nominees (up to 4) are appointed at once (p. 2). The customer must explicitly define a percentage share for each person, and the total must equal exactly 100% (p. 2). This option applies only to bank deposits (p. 2).
- Successive: Nominees are listed in order of priority (p. 2). A lower-priority nominee only becomes eligible to receive assets after the death of all nominees higher up in the order (p. 3). For lockers and safe custody articles, only successive nomination is permitted (p. 2).
Automatic Cancellation: Filing this form automatically cancels and supersedes all previous nominations made for the listed accounts or lockers (pp. 2-3).
Minor Nominees: If a nominee is a minor, the account holder must declare a guardian’s details (name, relationship, and contact info) to receive the assets on the minor’s behalf (p. 2).
Electronic Submission: The form can be submitted digitally as an e-nomination if the bank’s system supports it (p. 3).
Illiterate Depositors: For individuals who cannot read or write, a thumb impression is required and must be attested by two witnesses (p. 3).