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Nomination Facility

To All our Valued Customers,

We convey our sincere thanks for having a banking relationship with our Bank. Our bank is the second-largest Co-Op. Bank of Gujarat and offers you a wide range of deposit, lending and services products to our valued customers and always eager to serve the customer in the best possible ways.

As a part of our relationship, we write to inform you about important services of 'Nomination Facility' available to our customers for all deposit accounts, safe deposit lockers, and safe custody articles. Reserve Bank of India has advised having a nomination facility in almost all the accounts. It is observed by us that some of our customers are not aware of this facility or yet not provided the name of nomination in their accounts.

For your kind information we provide hereunder the features of this facility;

  • Nomination facility is available in all existing or new deposit accounts, safe deposit lockers and safe custody services at free of cost.
  • Nomination can be made in favor of one person including minor in individual capacity only.Even different nominee can be appointed for different deposit accounts also.
  • Nomination once made can be changed, cancelled at any point of time as per the desire of the customer.
  • Nomination will facilitate payment of balance in the deposit accounts, delivery of articles from safe - custody / lockers, to the nominee without much formalities of obtaining of succession certificate or Probate from court.

We therefore request our customers that if you have still not nominated any person in your deposit accounts, lockers and safe custody articles, please do visit base branch and furnish the details of nominee at the earliest. It is in the interest of our near and dear.