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banking laws

What proposed banking law amendments mean for you
  • Personal Finance

What proposed banking law amendments mean for you

TheSpuzz Desk5 months ago010 mins

Source: Live Mint The bill, passed by the Lok Sabha on 3 December, says that nominees are only custodians and safekeepers representing the beneficiaries (if there is a testamentary document, e.g., Will/Trust deed) and heirs (in the absence of a testamentary document). They are not owners. However, nomination is important as it aids the process…

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