In such case, therefore, while making payment to the survivor(s) / nominee of the deceased depositor, the banks have to desist from insisting on production of succession certificate, letter of administration or probate, etc., or obtain any bond of indemnity or surety from the survivor(s)/nominee, irrespective of the amount standing to the credit of the deceased account holder.
Interestingly, a number of international studies suggest that, with regard to explaining the impact of education on growth, the quality of schooling is more important than the quantity. Put simply, it is not only the time spent at school that matters; it is what you learn, how you learn it, and from whom.