Search result for 'nomination facilities'

Banks now allow up to 4 nominees per account from Nov 1. New rules simplify claim settlement. Learn about the Banking Laws Amendment Act, 2025.

RBI to standardise claims settlement for deceased customers' accounts & lockers. Also expands Retail-Direct platform for T-bills.

Sebi simplifies nomination procedures for demat accounts and mutual funds, allowing for easier transfer of assets upon death or incapacitation. Nominees can claim assets and choose to continue...

The Reserve Bank of India has directed banks to ensure nominations for all deposit accounts and safety lockers, highlighting a large number of accounts without nominations. The move aims to...

Sebi has issued new guidelines to simplify and secure the nomination process for mutual funds and demat accounts, aiming to minimize unclaimed assets. Key changes include mandatory nomination for...

Sebi introduces new rules for nomination facilities in securities markets, ensuring uniform standards and convenience for investors. These rules allow nominees to act on behalf of incapacitated...

The Lok Sabha passed the Banking Laws (Amendment) Bill, allowing up to 4 nominees for bank accounts. The bill also increases director tenure in cooperative banks and redefines 'substantial interest'.

Sebi proposes to revamp the nominations framework to reduce unclaimed assets in the securities market and simplify the process for claiming assets by deceased investors' successors.