4 nominees can be made in the bank box, rules change

The government implemented a new rule on April 16, 2025, which will make the process of nominee for bank accounts and cabinets. Bank Locker: The government has facilitated the rules of the bank box as before. The government implemented a new rule on April 16, 2025, which will make the process of nominee for bank accounts and cabinets. Now you cannot nominate one but four people in your bank account. Together, all four people get money in the already fixed part. For example, if you decide that s will get 40%, B will get 30%, get 20%and get 10%, and then they will get money accordingly. One after another the first person will get money. If he does not take money or refuse to take, the other person is entitled, then third and then fourth. One after another entry is valid for the goods you have placed in a bank box or bank. In this, too, four people can be nominated to order. If you have made no nomination and there is a plaintiff after you, they must provide documents such as Will, succession certificate. This work can be long and boring. How to find old or forgotten money? If you have deposited money into the bank and have laid for ten years without any transaction, it will now go to the RBI’s DEA fund. But don’t worry, you can withdraw this money from your bank at any time. If you put money in the regard of a company and do not withdraw for 7 years, the money and interest on it will go to the IEPF fund. Similarly, if no dividend is taken for 7 years, it goes in IEPF. Therefore, it is advisable to enter your bank account and lock -up box from now on, so that your loved ones do not have problems after you leave. Share this story -tags