Cancellation of nomination under section 45ZC of the Banking Regulation Act, 1949

Banking Companies (Nomination) Rules, 1985 

RULE 3(4)-The cancellation of the said nomination to be made by the depositor shall be in Form SC 2.

Banking Regulation Act, 1949 
45ZC- Nomination for return of articles kept in safe custody with banking company

(1) Where any person leaves any article in safe custody with a banking company, such person may nominate, in the prescribed manner, one person to whom, in the event of the death of the person leaving the article in safe custody, such article may be returned by the banking company.

(2) Where the nominee is a minor, it shall be lawful for the person making the nomination to appoint in the prescribed manner any person to receive the articles deposited in the event of his death during the minority of the nominee.

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