RESERVE BANK OF INDIA (NOMINATION FACILITY IN DEPOSIT ACCOUNTS, SAFE DEPOSIT LOCKERS AND ARTICLES KEPT IN SAFE CUSTODY WITH THE BANKS) DIRECTIONS, 2025SL. NO.CIRCULAR NO.DATESUBJECT1MARCH 21, 19862MARCH 21, 19863MAY 14, 19864AUGUST 11, 19865FEBRUARY 25, 19886MAY 26, 19887FEBRUARY 28, 19918OCTOBER 06, 19929MAY 12, 199310MARCH 7, 199411FEBRUARY 28, 199712MAY 28, 199913JUNE 28, 199914DECEMBER 4, 200615APRIL 5, 200716APRIL 12, 200717APRIL 13, 200718APRIL 17, 200719APRIL 19, 200720MAY 18, 200721JUNE 21, 200722MARCH 9, 200923MARCH 12, 200924MAY 13, 200925MARCH 30, 201126MARCH 26, 201227DECEMBER 3, 201228DECEMBER 12, 201229DECEMBER 24, 201230DECEMBER 24, 201231AUGUST 18, 2021

MUMBAI, India, Oct. 28 -- Reserve Bank of India issued the following notification:

RBI/2025-26/95

DOR.MCS.REC.59/01.01.003/2025-26

October 28, 2025

Reserve Bank of India (Nomination Facility in Deposit Accounts, Safe Deposit

Lockers and Articles kept in Safe Custody with the Banks) Directions, 2025

I. Introduction

The nomination facility is intended to facilitate expeditious settlement of claims by banks upon death of a deceased customer and to minimise hardship faced by the family members. The Government of India has notified the Banking Laws (Amendment) Act, 2025 which inter-alia has amended the Sections 45ZA, 45ZC and 45ZE of the Banking Regulation Act, 1949 (the Act). The Banking Companies (Nomination) Rules, 2025 have also been ...