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LS passes Banking Laws (Amendment) Bill allowing 4 nominees in bank accounts

by AIP Online Bureau | Dec 3, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Today, PSU banks have Rs 2.37 lakh crore deposited in the PM Jan Dhan Accounts. In 2014, the average balance of the PM Jan Dhan Accounts was Rs 1,065. It has now increased to Rs 4,397. The Banking Laws (Amendment) Bill, 2024, proposes to allow a bank account holder to...

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