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nomination missed by bank
Question
Namaskar Everyone
Please share the guidance on the below case.
1) My father has a savings and pension account in the State Bank of India. Since 2010 (after retirement)
At that time, the nominee’s registration number was mentioned on the first page of the passbook.
2) Now that the new passbook was updated somewhere in 2016 (exactly when is unknown), it was found that the nominee registration number was not mentioned.
Recently My father died, and we went to the bank to claim or transfer his savings or pension into my mother’s name.
The bank told us that the nominee was not registered after checking it digitally, and we had to go through the formalities in the presence of all family members. As one of my brothers was settled abroad with his family.
My query is: if the nomination is mentioned in the first passbook, then why was it not in digital records?
The bank people are saying that your father may have withdrawn from the nomination facility, but it was not possible because my father, being a defence officer, was very serious about paperwork. And every other account, including the Post Office Savings nominee name, is registered.
As we have asked bank personnel to show the hard copy of the nomination or show that the nomination was withdrawn, nobody has cooperated to date.
And the formality of my mother’s pension is delayed for no reason.
And I am working out of the city, so it is not possible to stand in line daily.
Also, please confirm whether this is a one-time process or we have to update it from time to time (even if there is no change).
Answer ( 1 )
This is a one time process. Once the pension is started, no nomination as such is required.
However What we understand from your facts are that when the Bank went digitally, the bank record was updated however the nomination may have been missed by them and your father, may, under the belief that nomination is already there, never really checked the first page whenever he was updating the same. in such case, file an RTI if the bank authorities are not cooperating. or File a complaint before the consumer court against the bank for deficiency in service and negligence.