New bank nomination rules 2025: There is good news for bank customers! From November 1, 2025 you can now add up to four nominees for your accounts. From November 2025, banking customers will have the flexibility to opt for up to four nominees for their accounts. The move aims to standardise and streamline claim settlements across banks. According to a PTI report, the finance ministry has said that key nomination provisions within the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025. The Banking Laws (Amendment) Act, 2025, which was notified on April 15, 2025, includes 19 amendments across five legislative frameworks: the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955, and Banking Companies (Acquisition and T

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