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:
- Add Nominee
This topic describes the information about Add Nominee screen. User can add a nominee against a specific account with this feature. - View Nominee
This topic describes the information about View Nominee screen. This option enables the user to view the existing nominee details of all his CASA/ Term Deposit/ Recurring Deposit accounts. - Edit Nominee
This topic describes the information about Edit Nominee screen. Users can edit the details of a nominee assigned to any of their CASA / Term Deposit/ Recurring Deposit accounts. - Delete Nominee
This topic describes the information about Delete Nominee screen.