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New Delhi: The Reserve Bank of India (RBI) has introduced draft rules aimed at simplifying and speeding up the settlement of ...
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Relief for bereaved families: RBI proposes faster, simpler bank claim settlements; delay penalty, timeline - DETAILSThe RBI is planning to standardise forms to process claims on deceased customers' bank accounts and lockers within a 15-day ...
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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 invited public feedback on it by August 27.
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