New Bank Nomination Rules 2025 Starting From 1st November

Mitali | Last updated: 28 October 2025

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From 1st November 2025, new rules will allow you to nominate up to four individuals for your bank accounts, lockers, and safe custody items. You can now specify the exact share each nominee will receive, ensuring the total adds up to 100%. These changes aim to expedite claim settlements, enhance transparency, and standardise nomination procedures across all banks.

Starting from 1st November 2025, you will be able to add maximum of 4 nominees to your bank account, locker, or safe custody items. Now you can decide how much share each person will get. Example: If you nominate 4 people: Nominee A: 25% Nominee B: 25% Nominee C: 25% Nominee D: 25% The

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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