central Finance Minister Nirmala Sitharaman is going to give a big good news to the entire country from the Parliament. Actually, Nirmala Sitharaman is going to present a bill for a major amendment in the rules related to nominees in banks. This bill will provide account holders in banks the option to make more than one nominee for their bank account. Under this proposed amendment, the account holder will be able to make 4 people nominee for his bank account. Along with this, the account holder will also be able to decide how much share to give to which person.
The bill was also introduced in the monsoon session
Under the current rules, an account holder can make only 1 nominee for his bank account. This simply means that after the death of the account holder, all the money (100 percent) deposited in his account will be given to only one person, whom he had made a nominee. Let us tell you that this bill was also introduced in this year's monsoon session. Now it has been listed again in the winter session.
Account holders will be able to nominate 4 different people
After the new rules, any person will be able to nominate his wife as well as his mother, father, son, daughter, brother, sister or any 4 persons for his bank account. Along with this, the account holder will also be able to decide how much money he wants to give to the person made nominee. It is very important to make a nominee for bank accounts. After the death of the account holder, all the money deposited in his bank account is given to the nominee made by him without any problem and hassle.
Pramod Rao gave the idea
According to a report in Economic Times, the idea of making more than one nominee in the bank account was given by Pramod Rao, an ICICI Bank official, who is currently the Executive Director of SEBI.
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