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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Nominee(s) Can Encash Term Deposit Before or After Maturity Upon Holder's Death, With Required Documentation</h1> In the event of the death of a term deposit holder with a nomination in place, the nominee(s) can encash the deposit before or after its maturity. The surviving nominee(s) must apply to the bank's branch manager, providing proof of the holder's death and any deceased nominees. If multiple nominees exist, they must jointly discharge the receipt when receiving payment.
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