Saturday, August 3, 2024

BANKING

On Friday, the Union Cabinet approved several amendments to banking laws aimed at addressing unclaimed deposits and improving customer ease. Key changes include increasing the number of nominees per deposit account to up to four and introducing "successive and simultaneous" nominations, which will help joint account holders and heirs access funds after an account holder's death.

from Banking/Finance-Industry-Economic Times https://ift.tt/K14tVsg
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