Bond from a popular nbfc in kerala


Dear Peers,

Pranam!

If the nomination been given for a 5 year BOND (from a popular NBFC in Kerala), whether a legal heir ship certificate is mandatory in case of the actual holder of the BOND is expired. In bank, they are ok with the death certificate and relationship certificate to settle the account even though the nomination has not given in that account BUT why the NBFC is unnecessarily troubling us? If that is the case, what is the purpose of the nomination in this BOND.

Please be advised on this regard about the norms and conditions.

Thaning you,

Regards

gk

 
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NBFC IS RESPONSIBLE FOR THAT ACTUAL OR LEGAL HEIR OF BOND SHOULD BE NOMINATED AFTER EXPIRED THE NOMINATION. SO PLEASE YOU CAN  FILE A CASE AGAINST THE NBFC AND COURT WILL GIVE ORDER TO NBFC FOR RIGHT PERSON....


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Hello,

NBFC should have released the bond amount in the name of the nominee as the nominee is registered with NBFC. Send legal notice and ask for releasing the amount in the name of the nominee. 


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Please be advised in this regard about the norms and conditions.

 


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Thank you very much for your prompt response Sir, noted the same.

Regards

gk

 
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