Nomination in bank deposits : Banknet India


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Name :	Anjana Areng Datta
Subject:	Nomination in bank deposits
Message :	Under Sec 45 ZA of Banking Regulation Act (Nomination Facility) ,what happens when: 1) Where the deposit is held in joint names of two or more persons without survivorship benefits and one of the depositor dies ? 2) Where there is a registered nominee in such account and one of the depositor dies? 3) In both the cases,where the depositor dies intestate or executing a will naming a beneficiary ?