RBI Simplifies Banking: No Nominee? You Can Still Open an Account or Locker from Nov 1
The Reserve Bank of India (RBI) has issued new directions on banks’ nomination facilities for deposit accounts, fixed deposits (FDs), safe deposit lockers, and articles kept in safe custody. The new rules will come into effect from 1 November 2025, aligning with the Banking Laws (Amendment) Act, 2025. The guidelines aim to ensure smoother claim […]
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