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of <h1>Master Circular: Nomination Rules for Relief/Savings Bonds, Eligibility, and Conditions for Alteration or Cancellation Explained.</h1> The Master Circular outlines the nomination facility for Relief/Savings Bonds, allowing sole or joint holders to nominate individuals to inherit bonds upon their death, provided nominees are eligible to hold such bonds. Nominations must occur before bond maturity and can be altered or canceled by notifying the bank. If a nominee is a minor, an adult can be appointed to receive bond proceeds. Separate nominations are allowed for each Bond Ledger Account. Non-resident Indians can be nominated for 8% Savings Bonds, with regulations applicable to NRIs. Nomination is not allowed when bonds are held on behalf of minors or in a fiduciary capacity.
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