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RBI proposes 15-day deadline for claim settlement, know what it means for bank customers

DNA Monday, 11 August 2025 ()
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...
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