UCO BANK Nomination Form Assamese
UCO BANK Nomination Form Assamese Download
The UCO Bank Nomination Form (DA-1) – Revised (p. 1) is governed by the Banking Companies (Nomination) Rules, 2025 (p. 1). It provides major updates to the process of choosing nominees for bank deposits, safe custody articles, and safety lockers (p. 1).
The key takeaways from the form include:
1. Multi-Nominee Flexibility
- Up to 4 Nominees: You can now nominate up to four individuals for a single account (p. 2).
- Two Nomination Methods: You can arrange the inheritance using either a Simultaneous or Successive setup (p. 2).
2. Allocation Models (Simultaneous vs. Successive)
| Feature | Simultaneous Nomination (p. 2) | Successive Nomination (p. 2) |
|---|---|---|
| How it Works | Multiple nominees receive funds together (p. 2). | Nominees are listed in a sequential order of priority (p. 2). |
| Share Distribution | You must define a specific share percentage for each person, totaling 100% (p. 2). | Entitlement goes exclusively to one person at a time (p. 2). |
| Activation Condition | Active upon the death of the primary account holder(s) (p. 2). | Lower-ranked nominees only get a claim after the higher-ranked nominees pass away (p. 2). |
| Applicability | Only valid for Bank Deposits (p. 2). | Valid for Deposits, Safe Custody Articles, and Lockers (pp. 1-2). |
3. Minor Nominees & Guardians
- If a nominee is a minor, you must provide a designated Guardian’s details (Name, relationship, address, contact) to receive funds on their behalf (p. 3).
- For accounts safely held or opened explicitly under a minor’s name, a lawfully entitled individual must sign the form on behalf of the minor (p. 4).
4. Communication & Formalities
- Digital Support: The form explicitly collects Email IDs and Mobile Numbers for nominees and guardians (pp. 2-3).
- E-Nomination: Customers can submit the data electronically if the bank’s digital channels support it (p. 4).
- Witness Requirements: For individuals who cannot read or write, a thumb impression is accepted but must be attested by two witnesses (p. 3).
5. Overriding Nature
- Submitting this updated form acts as a complete declaration of supersession (p. 2). It automatically cancels all previous nominations tied to the specified accounts, lockers, or items (p. 2).
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