‘To make settlement simpler’: RBI to simplify claims process for deceased customers’ nominees; banks launch re-KYC drive for Jan Dhan accounts – Times of India
RBI Governor Sanjay Malhotra on Wednesday announced key initiatives to make banking services more customer-friendly and inclusive. Among the major steps is the move to simplify and standardise the claims settlement process for bank accounts and safe deposit lockers of deceased customers to ease the burden on nominees trying to access funds.Addressing the third bi-monthly…
