RBI proposes 15-day deadline for settling claims of deceased customers
RBI proposed uniform procedure for settling claims of deceased customers with a 15-day timeline. For accounts/lockers with registered nominees, claimants need to submit death certificate, claim form, and identity/address proof. In case there's no nomination, claimants need to submit extra documents, like indemnity bond and no-objection letters from other legal heirs if claim is within ₹15 lakh.