# Nomination by Depositor (Rule 11)
## Rule
Every depositor may nominate any person at any time.
## Effect of Nomination
On the death of the depositor, the deposit shall vest in the nominee.
## Key Features
- Voluntary — the word 'may' makes it optional, not mandatory.
- At any time — nomination is not restricted to the time of making the deposit.
- Any person — no restriction on who can be nominated (subject to general law).
## Practical Significance
- Avoids succession/probate hassles for the company and the heirs.
- The nominee becomes the rightful recipient on death (subject to legal heir claims under personal law).