00:00Good news for bank customers, the government has made a big change in the rules related to bank accounts.
00:09Under this, customers will now be able to add not one, but four nominees to their accounts.
00:15In fact, on Tuesday, Finance Minister Nirmala Sitharaman presented the Banking Laws Amendment Bill 2024 in the Parliament, which was approved.
00:24In this, the proposal to increase the number of nominees in the bank account is also included.
00:28So, what effect will this amendment have on customers? Let's tell you in detail in this video.
00:34In the Parliament, Finance Minister Nirmala Sitharaman has said about this big change in the rules of the bank account,
00:42that under the current rules, only one person was allowed to make a nominee for the deposit or locker in the depositor's bank account.
00:52But now, depositors will have the option of adding four nominees to their bank account at the same time.
01:01Along with this, the Finance Minister has said that under the Banking Laws Amendment Bill 2024,
01:06there is also a proposal for the 19th amendment in the five existing laws for multi-state cooperative society, including regulation and banking services.
01:19So, on one hand, where bank account holders have been given this facility from the government,
01:24on the other hand, customers who take locker service have only the option of sequential enrolment,
01:31that is, they will be able to add nominees one after the other.
01:34The Finance Minister has said while giving information that sequential enrolment ensures that
01:40if the first nominee is not available, then the next nominee will be effective,
01:46due to which continuity will remain and complications will be less for the legal hires of the items kept in the locker.
01:52Nirmala Sitharaman has also said that since 2014, she has been fully attentive to maintain the stability of the Government and Reserve Bank of India.
02:02She has said that our motive is to keep the banks secure, stable and healthy.
02:07And after 10 years of becoming the government, you are clearly seeing its result.
02:12She has said that the banks of the country are now operating in a sequential manner and this is a national achievement.
02:18On one hand, where Finance Minister Nirmala Sitharaman presented the Banking Laws Amendment Bill 2024 in the Lok Sabha,
02:25on the other hand, Minister of State for Finance Pankaj Chaudhary, in response to a question in the Rajya Sabha,
02:31cleared the Government's direction on the merger of government banks.
02:36He has said that no thought is being given to the merger of private sector banks.
02:41So what is your opinion on the decision of this nominee?
02:44Because now you can make three more people a nominee in your bank account, not just yourself.
02:51Which means that the number of nominees has now become four.
02:56So what is your opinion on this? Tell us your opinion in the comment box.
02:59And for such updates, keep watching Good Returns.
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