RBIs New Nomination Rules from November 1, 2025
From November 1, 2025, account holders will be able to add up to four nominees for bank accounts, fixed deposits, lockers, and safe custody items. This change aims to simplify and speed up the process for family members to claim funds or assets after the account holder’s death. Nominees can now be added in two…
RBI will Close 3 Types of Accounts
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are…