Legal heirs to find it easier to claim deceased person's bank account, lockers: RBI plans to simplify procedure

6 months ago 3

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RBI Governor Sanjay Malhotra announced on August 6, 2025, that the process for legal heirs to access bank accounts and lockers of deceased individuals will soon be simplified. The Reserve Bank of India is standardizing the procedure for settling claims related to these accounts and safe deposit lockers. Read below to know what this means.

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Legal heirs to find it easier to claim deceased person's bank account, lockers: RBI plans to simplify procedure

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