https://www.taxtmi.com/acts?id=6649 A nominee on a bank term deposit is entitled to encash the deposit after the depositor's death. To do so the surviving nominee(s) must apply to the branch manager with proof of the depositor's death and of any deceased nominee, and where multiple nominees exist they must provide a joint discharge when receiving payment. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Mar 2009 17:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6649 A nominee on a bank term deposit is entitled to encash the deposit after the depositor's death. To do so the surviving nominee(s) must apply to the branch manager with proof of the depositor's death and of any deceased nominee, and where multiple nominees exist they must provide a joint discharge when receiving payment. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6649