21 Nominations

This topic describes the information about Nominations screen. User can view or edit the existing nominee details of his account with this feature.

Nominations enables retail users to appoint nominees to their accounts (each account can be appointed a single nominee only), who will be entitled to receive the amount in the bank account upon the death of the account holder.

The application provides the options to add a new nominee to the user’s singly held Current and Savings, Term Deposit or Recurring Deposit account so that the nominee can claim funds in case of any death event.

The user can view or edit the existing nominee details of all his Current and Savings account, Term Deposit or Recurring Deposit accounts. The user also has an option to delete the nominee, from any of his accounts in case of any issues or disputes.

Pre-Requisites

  • Transaction access is provided to the retail user

Features supported in the application

  • Add Nominee
  • View Nominee
  • Edit Nominee
  • Delete Nominee

Table 21-1 Features applicable for single and joint account holder

Account Holder View Add Edit Delete
Single
Joint X X X

Figure 21-1 Workflow



To view nominations:

  1. From the Dashboard, click Toggle menu, and then click Menu. From the Menu, click Accounts, and then click Nominations .
    The Nominations screen appears.
  2. From the Account Category list, select the account category of which nominees you wish to view.
  3. In the View Nominees of field, select an option that identifies whether you wish to view the nominees of a specific account or of all accounts under the selected account category.
    1. If you have selected the Specific Account option, from the Account Number list, select the account of which you wish the view the nominee.
  4. Click Apply to view the records based on the defined criteria.
    • Click Reset to clear the details entered.

    Figure 21-2 Nominations – Filter Criteria


    Nominations – Filter Criteria

    Figure 21-3 Nominations – Search Result


    Nominations – Search Result

    Note:

    The fields which are marked as Required are mandatory.

    For more information on fields, refer to the field description table.

    Table 21-2 Nominations – Search Result -Field Description

    Field Name Description
    Account Category Select the account category of which nominees you wish to view.

    The options are:

    • Current & Savings
    • Term Deposits
    • Recurring Deposits
    View Nominees of Select an option to identify whether you wish to view the nominees of a specific account or of all the accounts under the selected account category.
    Account Number Select the account of which nominee you wish to view.

    This field is enabled only if the Specific Account option is selected in the View Nominees of field.

    Search Result Information specified in below fields are related to search results.
    Account Category Displays the selected account category.
    Account Number/ All Accounts Displays the selected account number, if defined, of which nominee is to be viewed.

    If All Accounts has been selected under the View Nominees of field, then All Accounts will be displayed.

    Search Criteria - Records The following are displayed as records based on search criteria defined.
    Account Number The account numbers under the selected account category are listed. If an account number has been selected as search criteria, that account number will be listed as a record.
    Primary Holder Name The name of the primary account holder will be listed against the account number record.
    Holding Pattern The holding pattern of the account i.e. Single or Joint.
    Nominee This column identifies whether a nominee has been registered against the specific account or not.
    Action The available action for each account is displayed.

    The actions can be:

    • View / Edit: Click to view or edit the selected nominee details.

    This link is displayed against a single holding account and for which a nominee has been registered

    • Add: Click to add a new nominee.

    This link is displayed against a single holding account and for which no nominee has been added

    • View: Click to view the selected nominee details. This link is displayed against joint accounts for which nominee has been registered
    • Know More: Click the link to view the information on restrictions for jointly held deposits.

    This link is displayed in case of joint accounts and no nominee is registered

  5. Click on the filter icon to modify filter new criteria.
    • Under the kebab menu – .
    • Click the Current & Savings Account Details option to view the current & savings account details.
    • Click the Term Deposit Details option to view the term deposit details.
    • Click the Recurring Deposit Details option to view the recurring deposit details.