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Nominee in nhai bond

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Anmol blogs

Freelancer

1 Points Posted on 10 May 2021

I m sole nominee in nhai bond...bond holder has died.

So will i get transmisson of bond on my name or i can withdraw money on my name after lock in period.

The bank mentioned in the bond ,is joint account..and i m also the joint holder in that account

Replies (4)

Quick Summary

If you are the sole nominee for an NHAI bond and the bondholder has passed away, you are entitled to the transmission of the bond into your name. You will need to formally apply for this process. As a joint account holder with the deceased on the bank account linked to the bond, this may also facilitate the transmission.