Bank of Maharashtra FORM DA1-Nomination Form

Bank of Maharashtra FORM DA1-Nomination

Bank of Maharashtra FORM DA1-Nomination Form Download

Based on the provided document, Form DA1 is the official nomination form used by the Bank of Maharashtra for bank deposits (99b4d01f-d… p. 1). It is executed under Section 45ZA of the Banking Regulation Act, 1949, and Rule 2(1) of the Banking Companies (Nomination) Rules, 1985 (99b4d01f-d… p. 1).

The key operational features and requirements of this form include:

1. Purpose of the Form

Asset Protection: It allows depositors to legally designate a specific individual who can claim and receive the balance of their bank deposits in the event of the depositor’s or a minor account holder’s death (99b4d01f-d… p. 1).
Opt-Out Provision: The form features an explicit checkbox (“I/We do not wish to keep Nomination”) for customers who consciously choose to leave their accounts without a registered nominee (99b4d01f-d… p. 1).

2. Required Nominee Particulars

To successfully register a nominee, the depositor must accurately provide:

Full name and complete residential address of the nominee (99b4d01f-d… p. 1).
The nominee’s exact relationship with the depositor (99b4d01f-d… p. 1).
The nominee’s age and date of birth (99b4d01f-d… p. 1).

3. Special Provisions for Minor Nominees

If the chosen nominee is a minor at the time of form submission, the depositor must appoint an adult guardian to act on their behalf (99b4d01f-d… p. 1). This safeguard dictates:

The appointed person is legally authorized to receive the deposit amount if the depositor dies while the nominee is still a minor (99b4d01f-d… p. 1).
The depositor must supply the guardian’s name, address, age, and their Bank of Maharashtra account number (if applicable) (99b4d01f-d… p. 1).

4. Attestation and Witness Rules

Standard Signatures: Account holders must provide their signatures or thumb impressions to validate the request (99b4d01f-d… p. 1).
Thumb Impression Exception: If a depositor uses a thumb impression instead of a signature, the form must be attested by two independent witnesses (99b4d01f-d… p. 1).
Witness Details: Attesting witnesses are required to provide their full names, physical addresses, signatures, dates, and locations (99b4d01f-d… p. 1).