Get the free idbi nomination form

Form DA3 Variation of Nomination under Section 45ZA of the Banking Regulation Act, 1949 and Rule 2(6) of the Banking Companies (Nomination) Rules, 1985 in respect of Bank Deposits I /We (name(s) and

How to fill out idbi nomination form

How to fill out IDBI nomination form:

1. Obtain the IDBI nomination form: The first step is to obtain the nomination form from the IDBI bank. You can either download it from their website or visit a branch near you to collect a physical copy.
2. Fill in personal details: Start by filling in your personal details such as your name, address, contact information, and your account number with IDBI bank. Make sure to provide accurate information as any discrepancies can lead to issues in the future.
3. Mention nominee details: Next, you need to provide the details of the nominee. Include their full name, address, and contact information. Ensure that the nominee is someone you trust and who would be responsible for handling your account in the event of your demise.
4. Specify the relationship with the nominee: Indicate your relationship with the nominee such as spouse, child, parent, sibling, etc. This helps establish the legal connection between you and the nominee.
5. Decide the share of nomination: Determine the percentage of your holdings that you want to nominate to the individual mentioned. You can allocate a specific percentage or the entire amount in your account, depending on your preference.
6. Witness signatures: Get the form witnessed by two individuals who are not your nominees. They should be of legal age and have sound mental capacity. The witnesses need to provide their full name, address, contact information, and also sign the form as proof of their witness.
7. Review and submit: Once you have filled in all the required details, carefully review the form for any errors or omissions. Correct any mistakes before finalizing the form. After ensuring its accuracy, submit the filled nomination form to the concerned branch of IDBI bank.

Who needs IDBI nomination form?

The IDBI nomination form is required by individuals who hold accounts with IDBI bank and want to nominate someone to receive their account holdings in case of their demise. It is essential for account holders to fill out this form to ensure that their savings are passed on to their respective nominees without any legal complications or disputes. Whether you have a savings account, fixed deposit, or any other type of account with IDBI, it is always advisable to nominate a trusted person to avoid any difficulties for your loved ones in the future.

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What is idbi nomination form?

IDBI nomination form is a document that allows an account holder to nominate a person who will receive the account's proceeds in case of the account holder's demise.

Who is required to file idbi nomination form?

Any individual who has a deposit or account with IDBI is required to file the nomination form.

How to fill out idbi nomination form?

To fill out IDBI nomination form, one must provide personal details and information of the nominee. The form must be signed and submitted to the bank.

What is the purpose of idbi nomination form?

The purpose of IDBI nomination form is to ensure that the funds or assets in the account are transferred to the nominee in case of the account holder's death.

What information must be reported on idbi nomination form?

The information required on the IDBI nomination form includes personal details of the account holder and nominee, relationship with the nominee, and percentage of share in case of multiple nominees.