New bank locker rules: Amendments to nomination rule for bank lockers, deposits proposed - here’s what you should know

Banking Laws (Amendment) Bill, 2024: When there are multiple simultaneous nominees, the nomination will be effective in a predetermined proportion. In the case of successive nominations, priority will be given to the nominee named higher in the nomination order.

Aug 14, 2024 - 16:00

New bank locker rules: Amendments to nomination rule for bank lockers, deposits proposed - here’s what you should know

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Banking Laws (Amendment) Bill, 2024: When there are multiple simultaneous nominees, the nomination will be effective in a predetermined proportion. In the case of successive nominations, priority will be given to the nominee named higher in the nomination order.