Why Is It Important To Have A Nominee For A Bank Account? Read Here

A nominee can be anyone close to you, like either of your parents, spouse or siblings, who can receive the proceedings on your behalf

Whether you open a bank account or go for any financial investment, while filling up the form for doing so, a column for nominating someone is always there.

Many times this column is left by people while opening a bank account, applying for a locker or while making investments.

However it is not advisable to do so. Read on to know why it is important to have a nominee while opening a bank account.

Who can be a nominee?