US EditionRBI Governor Sanjay Malhotra Announces THESE Consumer Centric Moves: Re-KYC, Jan Dhan Accounts, Locker Settlement & More
INDIA, AUG 6 – RBI launches doorstep re-KYC camps and standardises claims for deceased customers to improve financial inclusion and ease for over 45 crore Jan Dhan account holders.
- In a significant move, the Reserve Bank of India launched rural re-KYC camps and micro-insurance services from July 1 to September 30, as part of its consumer-focused initiatives announced on August 6, 2025.
- Driven by a large number of re-KYC accounts, banks across the country have launched Panchayat-level camps from July 1 to September 30 for Pradhan Mantri Jan Dhan Yojana.
- The Reserve Bank of India will issue a draft circular shortly to standardise procedures for settling claims on bank accounts and safe deposit lockers of deceased customers.
- The RBI will expand its RBI Retail Direct platform to enable retail investors to invest in treasury bills through Systematic Investment Plans with auto-bidding features.
- Beyond immediate relief, the RBI will issue a draft circular shortly to standardise claim settlement procedures, as Malhotra highlighted the broader push for financial inclusion.
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From Jan Dhan re-KYC to standardised bank claims settlement for deceased accountholders, key announcements for consumers by RBI governor Malhotra
Jan Dhan re-KYC updates, Re-KYC Jan Dhan accounts 2025: Governor Malhotra also said that the central bank will be standardising the procedure for settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of deceased bank customers.
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NewsDrumRBI to standardise procedure for settlement of claims for accounts, lockers of deceased customers
Mumbai, Aug 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday said the central bank will standardise the claims settlement procedure for bank accounts and lockers. This is aimed at simplifying the process for settlement of claims in favour of nominees of deceased customers. Besides, he said, the central bank plans to expand the functionality […]
RBI to Standardise Claim Settlement Process for Deceased Customers' Accounts and Lockers
Get latest articles and stories on Business at LatestLY. Sanjay Malhotra, Governor of Reserve Bank of India (RBI) announced that standardize the procedure for settling claims related to bank accounts and safe deposit lockers of deceased customers, aiming to simplify and streamline the overall claims process. Business News | RBI to Standardise Claim Settlement Process for Deceased Customers' Accounts and Lockers.
RBI to standardise claim settlement process for deceased customers accounts and lockers - The Tribune
Sanjay Malhotra, Governor of Reserve Bank of India (RBI) announced that standardize the procedure for settling claims related to bank accounts and safe deposit lockers of deceased customers, aiming to simplify and streamline the overall claims process.
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