What is a Term Deposit?

Having a bank account is pretty essential for saving money. You can toss in some cash and take it out whenever you want, helping your

Nominee Vs. Legal Heir

Fixed Deposit: Nominee vs. Legal Heir

Usually, every account holder must name a nominee in bank accounts. The nominee is considered the caretaker of the amount until the legal heir claims it. This article describes the role of a nominee vs. a legal heir and the different scenarios wherein the bank decides to disburse the amount to one or the other.

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