Bank Regulations : The Reserve Bank of India (RBI) has announced new regulations that will come into effect on November 20, 2025. Under these regulations, certain types of bank accounts will be closed or restricted. These regulations aim to make the banking system more secure, transparent, and user-friendly. One notable feature is that account holders will now be able to add multiple nominees—up to four—to their bank accounts, making it faster and easier for family members to claim funds in the future.
These new rules will particularly impact accounts that have been inactive or dormant for a long time, or that have a zero balance. Under the new rules, bank accounts that have not seen any transactions for several years will be closed or frozen. The purpose behind this move is to prevent fraud and misuse of such accounts.
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With the new system, customers will have to pay more attention to their account status. If they want their account to remain active, they will need to make small transactions from time to time. Additionally, account holders can now add up to four nominees, making future financial planning easier for families.
The RBI’s new banking regulations will come into effect on November 20, 2025.
According to the Reserve Bank of India, these new regulations are in line with global banking standards and are designed to improve customer service. Key changes include:
- Three types of bank accounts will be closed: dormant, inactive, and zero-balance accounts.
- A maximum of four nominees can now be added to a bank account (previously, only one nominee was allowed).
- Nominations will be available in both simultaneous and sequential formats.
- The new rules will also apply to safe deposit lockers and safe custody articles.
Three Types of Bank Accounts That Will Be Closed
| Account Type | Reason for Closure |
|---|---|
| Dormant Account | No transaction for 2 years |
| Inactive Account | No customer-initiated transaction for 12 months |
| Zero Balance Account | No transactions for a long period after account opening |
The RBI states that accounts that have no transfers for a long period are at risk of fraud or misuse. Therefore, closing such accounts will ensure a safer banking environment.
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What are the new RBI nomination rules?
Effective from November 20, 2025:
- Customers can add up to four nominees for bank accounts, fixed deposits, lockers, and safe custody items.
- This will simplify the claim process for family members.
- There will be two types of nomination options:
- Simultaneous nomination – All nominees will receive a share.
Successful nomination – Once one nominee is nominated, another becomes eligible.
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Benefits of the New Rules
- Greater transparency in banking transactions and nominations.
- Faster settlement of funds for deceased account holders.
- Greater security for old, inactive accounts.
- Reduction in banking fraud
Customers will become more aware and responsible about account maintenance.
Summary of RBI’s Bank Account Rules 2025
| Point | Details |
|---|---|
| Effective Date | 20 November 2025 |
| Affected Accounts | Dormant, Inactive, Zero Balance Accounts |
| Maximum Nominees Allowed | 4 |
| Nomination Types | Simultaneous & Successive |
| Objective | Customer safety, transparency, faster claim process |
| Customer Responsibility | Activate inactive accounts and update nomination |
| Bank Responsibility | Monitor accounts and send timely alerts |
What should account holders do?
- Check account activity before November 2025.
- If the account is inactive, make small transactions to activate it.
- Contact the bank to add up to four nominees.
- It is recommended to close zero-balance accounts that you no longer use.
- Keep your contact details and KYC updated to receive notifications.
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RBI’s new rules are a major step towards making the banking system more transparent and secure. All account holders should regularly check their accounts and follow the new guidelines to avoid any problems.