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RBI Considers Faster Claim Settlement
Financial Express Ahmedabad
|August 11, 2025
THE RBI PLANS to standardise forms to process claims on deceased customers' bank accounts and lockers within a 15-day timeframe and provide compensation to nominees for any settlement delays.
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The Reserve Bank of India (RBI) proposes to come out with standard procedures for the settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of deceased bank customers. The aim is to make the settlement more convenient and simpler. Towards this, the central bank has issued 'Draf
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FLERE HISTORIER FRA Financial Express Ahmedabad
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