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Bank customers can opt for up to four nominees
Financial Express Bengaluru
|October 24, 2025
BEGINNING NEXT MONTH, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system.
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The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday.
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