Bank Account Nomination Rules

To provide more guidance on nominating multiple individuals for a savings account, here are some key points:
- You can nominate more than two individuals for your bank savings account.
- Specify the share each nominee will receive (e.g., *% each or *% each if three nominees).
- Ensure the nomination details are updated with the bank.
Do you want help with any specific nomination process or bank-related query?

Here's a concise overview of the new nomination rules under the Banking Regulation Act:
- Account holders can nominate multiple individuals.
- Nominees can receive specified proportions of the account balance.
- Nomination details must be updated with the bank.
- Ensure compliance with any recent amendments or guidelines.
If you have specific questions or need more details, feel free to ask!

Case Rating: *
The Banking Regulation Act allows nomination of multiple individuals for a bank savings account. Recent amendments emphasize specifying the proportion each nominee receives and updating nomination details with the bank. For more precise guidance, check with your bank regarding any specific amendments or guidelines related to nomination.