Procedure for claim settlement of FCNR/NRE deposits to non-resident nominees and others
The identification of nominee whether resident or non-resident, the procedure is the same. The nominee can be identified by: Nominee swearing an affidavit before a Notary/Judicial Authority. Or Two officers of the Bank. Or Clients of the Branch or persons of repute known to the Branch. The settlement of the claim involves the following procedures.…