Many bank rules will change from November 1, 2025; learn about them or face significant losses.

Emerging from November 1, 2025, significant changes are taking place in the banking sector. This will directly impact your pocket. It is very important for you to know about these changes in the banking sector.

New Bank Rules India 2025: The Ministry of Finance is making significant changes to the country's banking services sector. The Ministry has announced the implementation of new rules under the Banking Laws Act, 2025. The new rules will come into effect from November 1, 2025.

This will directly impact millions of bank customers in India. The government has stated that the new law will give customers greater control over their money and assets. Additionally, banking services have been made more flexible for customers, which will benefit them and make them more comfortable accessing services.

Changes coming from November 1

From November 1, you can nominate up to four people on your deposits. You will also be able to decide how much each person will receive, such as 70 percent, 20 percent, and 5 percent each for the remaining two. This will ensure clarity and reduce the likelihood of disputes later.

From November 1st, only sequential nominations will be allowed for lockers and bank accounts. This means that the second nominee will be able to access the locker only after the death of the first nominee.

From November 1st, you can nominate up to four nominees for your bank accounts. Previously, only one or two nominees were allowed. This means you will be able to nominate up to four people for your bank account. This will simplify the claim process in the future and make your family members more likely to receive your money.

What does the Finance Ministry say?

A statement issued by the Finance Ministry stated that these new changes will increase transparency in the banking system and simplify the claim process. Also, bank depositors will have more control over their deposits than before.