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Can anybody have a beneficiary even if he’s not an immediate family member?

April 26, 2017Beneficiary family immediate

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Can anybody have a beneficiary even if he’s not an immediate family member?

1 Answer

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The sender (Primary cardholder) will have the option to nominate his preferred beneficiaries regardless of his/her relation to the beneficiary (recipient) but both the primary and the beneficiary must be registered completely and conforms to bank’s KYC regulations.