MutualSaathiRBI & BankingShould I add a nominee for my bank locker?
Banking
Banking

Should I add a nominee for my bank locker?

Absolutely mandatory. Without a nominee, heirs need a succession certificate or probate even if they are legal heirs — a painful 6-18 month legal process. RBI now requires all lockers to have nominees. You can add up to 2 nominees (consecutive or simultaneous). Do it at the branch with your locker agreement.

RBI & Banking

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