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Duration: 0h 4m 15s
Bank customers can opt for up to four nominees from Nov 1
Beginning next month, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system.
The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday.
Uploaded by: Rediff Video Desk on Thu, 23 Oct 2025 16:18:40 +0530
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