Nikhilsingh Banafar (Credit intelligence Officer) 14 July 2018

Is spouse is direct nominee of bank A/c, though the present nominee is mother.

Is spouse is direct nominee of bank A/c, though the present nominee is mother. Is spouse have right to withdraw the amount by bank.

Single Account holder has the liberty to mention any person name as his/her nominee.

Kumar Doab (FIN) 15 July 2018

Which personal law applies in your case?

Are you all Hindu?

Confirm!

Kumar Doab (FIN) 15 July 2018

One can nominate anyone in bank account.

Mother is also legal heir and ClassI in case of Hindu’s.

GO thru;

RBI; Master Circular on Customer Service in Banks; 19, 20.

The bank can discharge IT’s responsibility by making the payment ot nominee if there is restraining order from court.