Bill introduced to allow up to 4 nominees in bank a/c
The Indian government introduced a bill to amend banking laws, aiming to streamline nomination facilities and maintain a majority stake in public sector banks. Proposed changes include allowing up to four nominees for bank accounts and lockers, and transferring unclaimed assets to the Investor Education and Protection Fund for easier claims by heirs.
DNA News Desk
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The Indian government introduced a bill to amend banking laws, aiming to streamline nomination facilities and maintain a majority stake in public sector banks. Proposed changes include allowing up to four nominees for bank accounts and lockers, and transferring unclaimed assets to the Investor Education and Protection Fund for easier claims by heirs.
