New Delhi: The Parliament’s Winter Session will witness the tabling of a major proposal which is likely to revolutionise FD nominations. The proposal, if enacted by Parliament, may pave the way for multiple nominations in fixed deposit schemes. This option is expected to ease the process of inheritance of FDs by survivors in the event of the FD holder’s death.
This can significantly reduce wealth-related disputes that occur after the accountholder dies.
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FD nomination guidelines may change significantly if a proposal before Parliament is passed during the Winter Session which started on Monday. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
