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Q.

Dt 29-6-08

Hello,

Suppose I am having saving account in your bank and also I have made
investment in your other products like mutual funds and have appointed
nominee one member from my family.

NOw I am mking will and want give benifit to all my family member, now
under this circumtances of nomination given to only one member what
would happen ? who will get my balance amount or will have right to
claim my invested amount ?

Please treat this matter as most urgent and give me reply.

Mahendra Khandhedia
mkhandhedia@yahoo.com
Mob: 93287 77101

About: Mutual Fund: ICICI Prudential Infrastructure Fund

Asked by mahendra khandhedia, 29 Jun '08 12:46 pm
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Answers (4)

1.

Dont know abt the complete thing but one thing tht the nominee name can also be changed from ur bank accounts and mutual funds
Answered by Gaurav Malhotra, 29 Jun '08 12:49 pm

 
  
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2.

In this case, the first nomination get void. Also, If you make a will, you have to mention the percentagesof each of the member or every one will get equal share.
All the above works only when you are no more.
Answered by krishnappa ramakrishna, 24 Jul '08 04:42 pm

 
  
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3.

The nominee of your mutual fund will get the benifit from the that fund. under this circumstances what you can do is that you will have to talk to the bank and ask them for this change and do all the things that are needful this might help you. thank you. best of luck.
Answered by shritama, 29 Jun '08 01:24 pm

 
  
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4.

Dear MK... As u invest different product....than make nominee each one to each product..means For FD nominee X & for MF nominee Y
Answered by meet rosy, 29 Jun '08 03:40 pm

 
  
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