RBI Grade B Officers 21 Nov 2015 Paper

(4) Nomination is a facility thatenables a deposit accountholder(s) (individual or soleproprietor) or safe deposit lockerholder(s) to nominate anindividual, who can claim theproceeds of the depositaccount(s) or contents of thesafe deposit locker(s), post thedemise of the originaldepositor(s) or locker holder(s).