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New RBI rules to ease fund access for families and improve transparency
Written By: Naba ZehraUpdated: Thu, Oct 30, 2025, 05:30 PM IST
The Reserve Bank of India has announced new rules on nominations for bank accounts, lockers, and safe custody items, effective November 1, 2025. The move aims to simplify processes, ensure faster access for heirs, and enhance transparency across banks. Under the Banking Laws (Amendment) Act, 2025, every bank must offer
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