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FORM SL1 Vide Para 1. 5. 2 i a Nomination under section 45ZE of the Banking Regulation Act 1949 and the Rule 4 1 of the Banking Companies Nomination Rules 1985 by Sole Hirer in respect of Safety Lockers I Name and address nominate the following person to whom in the event of my/minor s death may give access to the locker and liberty to remove the contents of locker particulars whereof are given below.

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Form - SL1. Nomination under section 45ZE of the Banking Regulation Act, 1949, and the Rule 4(1) of. The Banking Companies (Nomination) Rules, 1985, by Sole Hirer in respect of Safety Lockers. (name and address) nominate the following person to whom in the event of my minor's death.

Safe deposit locker with nomination: The nominee will be allowed to access the locker and remove the contents on verification of relevant identification documents and verification of proof of death of locker hirer.

The locker would be broken in the presence of the nominee/legal heir(s)/survivor(s) and two witnesses who are well known and acceptable to the Bank. j) The death claim in case of lockers without nomination shall be settled only by production of Court Order.

10.2 In the case of sole hirer of a locker, the nomination can be made in favour of only one person. Simillarly , in the case of locker hired jointly with one or more persons with mode of operation as “Any one of the hirers”, nomination is permissible only in favour of one person.

Without Nomination: Legal heir(s) of the deceased locker hirer or a person mandated by the. legal heir(s) will be allowed to access the locker and remove the contents on. verification of 1) proof of death of depositor i.e. copy of death certificate of.

The bank will pay up to a hundred times the annual rent of the safe deposit locker. The bank will not be liable for any damage or loss of locker contents caused by natural calamities like earthquakes, floods, lightning, or thunderstorms, or due to the customer's negligence.

The locker would be broken in the presence of the nominee/legal heir(s)/survivor(s) and two witnesses who are well known and acceptable to the Bank. j) The death claim in case of lockers without nomination shall be settled only by production of Court Order.

Sole hirer– Nominee can be given access to the locker by the bank. He can also remove the locker contents. Joint hirers– If the locker is to be operated jointly and one of the hirers dies, then bank can give access to locker contents jointly to the nominee and the surviving hirer.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232