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RBI’s New Rules Make It Simpler For Legal Heirs To Access Funds
To minimise hardship and facilitate the quick settlement of claims for family members upon a depositor’s demise, the Reserve Bank of India (RBI) has recently issued new directives aimed at ...
Business Today25d
FDs, savings account: RBI issues notification on nomination in FDs, lockers, savings account
The Reserve Bank of India has released a notification stating that nomination options are not available for a significant number of deposit accounts held with banks and NBFCs. In order to prevent ...
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RBI's New Year Gift: 6 things you need to know about the new NBFC fixed deposit (FD) rules. Details here
RBI's New Year Gift ... mechanism for verifying receipt of a correctly completed nomination, cancellation, and/or amendment form. All customers should be acknowledged this way regardless of ...
bangaloremirror.indiatimes23d
BM Finance Fundas: New RBI directive to banks, NBFCs to ensure nomination in FDs, saving accounts
To avoid undue hardship to survivors/ family members of deceased depositors, the RBI has asked banks to obtain nomination in case of all existing and new customers having fixed deposit accounts ...