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Form DA1- Nomination Form Nomination under Sec. 45ZA of the Banking Regulation Act, 1949 and Rule 2(1) of the Banking. Companies(Nomination) Rules, 1985 in respect of Bank deposits.
What is a nomination form used for?
Nomination is part of the process of selecting a candidate for either election to a public office, or the bestowing of an honor or award. A collection of nominees narrowed from the full list of candidates is a short list.
What is the nomination form DA1, DA2, DA3?
What is DA1 DA2 and DA3 form? While form DA1 is to be used for a fresh nomination, DA2 and DA3 are for cancellation and modification. These forms can also be downloaded from your Banks website.
Is it mandatory to add nominees to a bank account?
While opening a Bank Account or applying for an investment like a Fixed Deposit, Recurring Deposit, or Mutual funds, you may notice a column in the form wherein you are required to enter the nominee details. While it is not a mandatory requirement to have a nominee, it is highly recommended.
How to fill nomination form DA1 sample?
How to fill out the Nomination Form DA 1 for Bank Deposits? Start with your name and address on the form. Fill in the nominees complete details as requested. Specify the nominees relationship with you. If the nominee is a minor, appoint a guardian with their details. Sign and date the form and have it witnessed.
nomination da1
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