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Nomination of Deposits |
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THE NATIONAL CO-OP.BANK offers nomination facility in all deposit accounts opened by you as a individual . Bank also allows you to make a nomination if you are opening a current Account as a sole proprietory concern .The guidelines which are to be followed for making a nomination are given below:
- You can nominate only one person per account.
- You can also nominate a Minor .
- Modification/change in nomination can be made subsequently also with the approval of all the account holders.
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Death Claim Settlement |
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THE NATIONAL CO-OP.BANK LTD has simple procedure to settle the claim in favaour of the authorised claimant in case of death of the customer . It is done with minimum paperwork and in a minimum time limit .
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Standing Instructions |
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Customer can instruct Bank to effect fund transfer at preset timings and amounts from your account.
The standing instructions can be used for:
- Repayment of loan by deduction of installment at specific interval.
- Payment of bills.
- Transfer to recurring deposit accounts.
- Payment of safe deposit rentals
- Payment of salary
- Inter A/c transfer of FD interest at stipulated intervals.
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