SaralnamaBank customers can add four nominees to their accounts. The new rule allows customers to specify the share and priority for each nominee. This change aims to simplify claim settlements in the banking system. The Finance Ministry announced on that key nomination rules under the Banking Laws (Amendment) Act, 2025 will take effect next month. Customers can add nominees individually or all at once. For safe custody items and lockers, only successive nomination is allowed. The ministry stated this will bring clarity to settlements and inheritance. Forms for nomination processes will be issued soon. (Updated 23 Oct 2025, 17:56 IST; source: link)
Key Points
- Bank customers can add four nominees to their accounts from 1 Nov 2025
- The new rule allows customers to specify the share and priority for each nominee
- This change aims to simplify claim settlements in the banking system