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⚡RBI Proposes New Rules for Faster Settlement of Claims on Accounts, Lockers of Deceased Customers

By IANS

The Reserve Bank of India (RBI) has proposed new rules to make it easier and faster to settle claims on the bank accounts and lockers of customers who have passed away. The central bank has issued a draft circular, 'Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025', and invited public feedback on it by August 27.

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