Big Banking Update from November 1, Know What Changes
Naba Zehra | Updated: October 29, 2025 12:12 PM IST
A major change is coming to India’s banking system from November 1, 2025. Under the Banking Laws (Amendment) Act 2025, customers can now add up to four nominees to their bank accounts and lockers. This move aims to reduce disputes, speed up claim settlements, and improve transparency. Customers can decide each nominee’s share, set priority, and even change details anytime. Here’s how this new rule will make your money and assets safer.
