RBI to standardise procedure for settlement of claims for accounts, lockers of deceased customers

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RBI to standardise procedure for settlement of claims for accounts, lockers of deceased customers ☶ Commercial Banking Government Finance Retail Banking
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Mumbai, Aug 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday said the central bank will standardise the claims settlement procedure for bank accounts and lockers. This is aimed at simplifying the process for settlement of claims in favour of nominees of deceased customers. Besides, he said, the central bank plans to expand the functionality […]