It is necessary to update nomination in bank accounts without postponingRecently a women in our area expired suddenly. She got savings account in some banks but without nominating anybody though she have one son and two daughters, who are living in the same city but separately. After the final rites were over the children of that lady found the passbook etc. in her table and on approaching for remedy with the death certificate of that lady, they got panic as there is no nomination in her accounts. The bankers as per their procedures asked legal heir certificate etc., Though the lady have no property etc., except such bank accounts they run here and there for fetching legal heir certificate.
By seeing this I came to a decision to make all my bank accounts with nomination by clearly mentioning the relationship etc.,
Once clear nomination is there we can get the residues without much difficulty except by proving the nominee's identity.