Скачать или смотреть Nominee is NOT Legal Owner? CIF vs Account Number Difference |Which Bank/Account toChoose for Safety

Are your family's funds truly secure? We bust the biggest nominee myth—why your nominee is not the legal owner and what this means for your legal heirs [08:26]. This essential guide also breaks down the critical difference between your CIF Number (Customer ID) and your Account Number [06:04], helping you organize your accounts for safety. Learn which banks (Public, Private, Cooperative) carry the most risk and how to choose the right account for your needs.
Timestamp Topic
[00:38] Types of Banks in India: Public Sector vs. Private Banks
[01:39] WARNING: Cooperative Banks - Why you must be careful
[02:07] What are Payment Banks? (No Loans, ₹2 Lakh Limit)
[03:06] Different Account Types: Savings, Salary, Current, Zero Balance (Jan Dhan)
[05:03] Fixed Deposit (FD) and Recurring Deposit (RD) Returns
[06:04] CRITICAL CLARITY: What is the difference between CIF Number (Customer ID) and Account Number?
[07:21] The Two-Account Strategy: Why you should ALWAYS have two bank accounts for safety
[08:26] MYTH BUSTED: Why your Nominee is only a Trustee, NOT the Legal Owner
[09:02] How Legal Heirs can still claim funds (Succession Law)
[10:59] Recommendation: Why Joint Accounts are better than Nomination (for spouse/kids)
💡 AARDHA Key Takeaway:
Choose your bank and account not just for features — but also for safety, legal readiness, and digital risk protection.

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⚠️ Disclaimer: This video is for educational purposes only. For decisions, consult certified advisors or official RBI/Bank sources.
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