IDBI Bank Annexure 3 – Form for nomination, cancellation & variation of nominations in respect of Safe Deposit Lockers Operated Jointly
IDBI Bank Annexure 3 – Form for nomination, cancellation & variation of nominations in respect of Safe Deposit Lockers Operated Jointly Download
The key points of the IDBI Bank Annexure-III Nomination Form for Safe Deposit Lockers operated under Joint Signatures are structured as follows:
📋 Purpose of the Form
This multi-purpose form is strictly utilized for making a fresh nomination, cancelling an existing nomination, or modifying/varying a nomination (pp. 1-2). It applies explicitly to locker hirers who operate their joint safety locker or safe custody articles via “Joint Signatures” (p. 1).
1. Bank & Locker Details
- Mandatory Identifiers: Requires critical bank parameters including Branch Name, Sol ID, Customer ID, Cabinet Number, Locker Number, and Distinguishing Number (p. 1).
- Mode of Operation: Specifies that the locker is hired jointly under the strict operational mandate of “Joint Signatures” (p. 1).
2. Nomination Specifications
- Successive Order Constraint: According to the Banking Companies (Nomination) Rules, 2025, lockers and safe custody articles allow up to four nominees, but only in a successive order (one after the other in sequence) (p. 1). [1, 2]
- Claim Trigger: Nominees are designated to systematically access and remove locker contents or safe custody items only in the event of the death of the locker hirers (p. 1). [3]
- Details Required: Collects the Nominee’s Name, Address, Contact details (Email/Mobile), Age, and Relationship with the bank customer (p. 1).
3. Cancellation and Variation Mandate
- Supersession Clause: Filing this fresh nomination form automatically cancels and supersedes all prior nominations registered for the specific locker or custody article (p. 2).
4. Minor Nominee Guidelines
- Guardian Appointment: If any designated nominee is a minor, the form mandates providing the Name, Address, Relationship, and Contact information of an adult guardian (p. 2).
- Guardian Role: The designated guardian is lawfully authorized to receive the locker contents on behalf of the minor should the hirers pass away while the nominee is still a minor. [4]
- Minor Hirers: If the locker itself is held in the name of a minor, a legally entitled individual must execute and sign this form on behalf of the minor (p. 2).
5. Signatures & Witness Requirements
- Joint Authorization: Because the operational mode is “Joint Signatures”, the declaration requires the physical names and individual signatures of all joint safe custody/locker hirers (p. 2).
- Thumb Impression Rules: For individuals who cannot read or write, a thumb impression is acceptable but must be attested by two independent witnesses (Witness-1 and Witness-2) with their names, signatures, addresses, and dates (p. 2).
💼 For Bank Official Use Only
The bottom segment serves as the official acknowledgment (p. 1). The bank official must sign, input their name, designation, seal, date, reference number, and explicitly confirm whether the data is successfully recorded on the Core Banking System (CBS) (p. 1).
If you want, I can:
- Provide details on the claim settlement process for a joint locker nominee
- Explain the difference between successive and simultaneous nominations
- Outline the documentation needed for witness attestation
Download PDF Click here
Read more
for more refer IDBI Bank website Click here
for more refer YouTube Subscribe website click here