Bank of Maharashtra Nomination
Bank of Maharashtra Nomination from Download
Based on the provided document, here are the key points from the Bank of Maharashtra Nomination Form (governed by the Banking Companies Nomination Rules, 2025) (dadacd91-9… p. 1):
Scope and Coverage
- Triple Utility: This single, combined form is valid for defining, canceling, or altering nomination settings across bank deposits, safety lockers, or articles left in safe custody (dadacd91-9… p. 1).
- Customer Profile: Captures Branch Details, Customer ID, Account or Locker Numbers, and the nature or distinguishing numbers of the assets (dadacd91-9… pp. 1-2).
- Multi-Holder Support: Allows up to four distinct depositor or hirer names to be registered as the primary account owners (dadacd91-9… p. 1).
Advanced Nomination Structures
- Up to 4 Nominees: Customers can register up to four separate individuals on a single form (dadacd91-9… pp. 2-3).
- Simultaneous Nomination: Permits multiple nominees to be assigned a specific percentage of a bank deposit, provided the cumulative sum across all portions equals exactly 100% (dadacd91-9… pp. 2-3).
- Successive Nomination: Allows nominees to be placed in an ordered priority list (from 1st to 4th) (dadacd91-9… pp. 2-3). A lower-ranked nominee only becomes eligible to receive assets after the death of all higher-ranked nominees (dadacd91-9… pp. 3, 5).
- Asset Limitations: Individual percentage splits (Column H) are strictly restricted to cash bank deposits and cannot be applied to safe lockers or physical custody articles (dadacd91-9… pp. 2-3).
Cancellation and Modification
- Complete Supersession: Executing this form formally overrides and legally terminates all previously registered nomination records linked to the specified accounts or lockers (dadacd91-9… pp. 3-4).
Minor Provisions & Guarding
- Guardian Mandate: If any selected nominee is a minor, the account holder must explicitly designate a legal adult guardian, capturing their address, relationship, and contact data (dadacd91-9… p. 3).
- Minor Accounts: If the primary account or locker belongs strictly to a minor, the form must be legally signed by an authorized parent or lawful guardian (dadacd91-9… p. 5).
Signatures & Authentication
- Illiterate Depositors: Individuals who cannot read or write must provide a physical thumb impression, which must be legally verified and signed by two independent witnesses (dadacd91-9… p. 4).
- Digital Processing: The bank officially permits this registration to be completed electronically wherever e-nomination facilities are enabled (dadacd91-9… p. 5).
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