Tag: nominee
Posted in Business
Newly proposed nomination rule for bank lockers and deposits, check details
Finance Minister Nirmala Sitharaman has introduced the Banking Laws (Amendment) Bill, 2024, which includes a new proposal, allowing an increase in the allowed number of…
Posted in Finance
Has the last date to add nominee to mutual funds been extended?
The requirement for nomination/opting out of nomination for all existing individual unit holders owning mutual fund units, either singly or jointly, before the deadline, or…
Posted in Business
What if you don’t give a nominee for your bank account?
When applying for a bank account and filling out forms, you will always be asked to “mention a nominee.” Is it really necessary to have…