New bank account, locker rules soon? Banking Amendment Bill allows up to 4 nominees - check what’s about to change
The Lok Sabha approved a bill allowing bank account and locker holders to designate up to four nominees. This change simplifies asset distribution after death. The bill awaits Rajya Sabha approval and presidential assent for implementation.
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The Lok Sabha approved a bill allowing bank account and locker holders to designate up to four nominees. This change simplifies asset distribution after death. The bill awaits Rajya Sabha approval and presidential assent for implementation. 
