Nomination
✓ Last verified 14 Sep 2026
The short version
Nomination names a specific person to receive an account's funds after the holder's death, without requiring a full legal-heir determination first - a simple step that meaningfully speeds up access for a grieving family.
See our full article on why nominees matter for the complete picture - in short, without a nominee, accessing an account after the holder's death can require a court-issued succession certificate, a slow and costly process even for a modest balance. Nomination should be set on every account and financial product individually - savings accounts, FDs, mutual funds, insurance, PPF, NPS - since having one on some but not others is a common, easily-fixed gap.
Want this worked out for your own numbers?