Banking Laws (Amendment) Act, 2025: New Nomination Rules for Depositors Effective 1st Nov 2025

Last updated: 24 October 2025

Key Provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 to come into effect from 1st November 2025 Provisions aim to give depositors the flexibility to make nominations as per their preference, allow Multiple Nominations (up to 4), ensuring uniformity, transparency, and e

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