New bank nomination rules 2025: Opt for up to four nominees from November 1; top points to know

Good news for bank customers! From November 1, 2025, you can nominate up to four individuals for your accounts, either simultaneously or in succession. This move by the Finance Ministry aims to streamline claim settlements across banks, offering greater flexibility and clarity for depositors and their chosen beneficiaries. Specific share allocations can also be designated.

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