PNB offers nomination facility in deposit accounts, locker facility, safe custody etc. In an unfortunate event of the death of a depositor , nomination enables the bank to :

• make payment to the nominee of a deceased depositor, of the amount standing to the credit of the depositor,
• return to the nominee, the articles left by a deceased person in the bank`s safe custody,
• release to the nominee of the hirer, the contents of a safety locker, in the event of the death of the hirer.

Deposit Accounts:

• Nomination facility is available in all type of Deposit Accounts opened by the individuals. Nomination is also available to a Sole Proprietary Concern Account.
• Nomination can be made in favour of one person only.
• Nomination favouring the minor is permitted on the condition that the account holder, while making the nomination, appoints another individual not being a minor, to receive the amount of the deposit on behalf of the nominee in the event of the death of the depositor during the minority of the nominee.
• Nomination can be made only in respect of a deposit which is held in the individual capacity of the depositor and not in any representative capacity such as the holder of an office like Director of a Company, Secretary of an Association, partner of a firm, Karta of an HUF. and the like.
• In the case of a deposit made in the name of a minor, nomination shall be made by a person lawfully entitled to act on behalf of the minor.
• A nomination will continue to be in force even on renewal of a term deposit, unless specifically cancelled or changed.

Deposit Accounts:

• Bank account holders having deposit accounts in their individual names or, in joint names of two or more individuals.
• A person lawfully entitled to act on behalf of the minor in respect of a deposit account.

Identity of the nominee

A claim format establishing the claim of the nominee duly certified by

• a Magistrate or Judicial Official or
• an Officer of the Central or State Government or
• an Officer of a bank or
• two persons acceptable to the bank who will act reference.
• Customers (new as well as existing) are advised to avail nomination facility, if they have not availed so far.

Nomination Creation for Deposit Accounts Form DA1
Cancellation of Nomination for Deposit Accounts Form DA2
Change in Nomination for Deposit Accounts Form DA3
Nomination Creation by sole hirer in respect of safety locker
Nomination Claim form