Settling claims to get easier for heirs of deceased clients |...

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Settling claims to get easier for heirs of deceased clients

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The Reserve Bank of India is set to streamline the process for banks to release funds and valuables of deceased customers, establishing a uniform procedure for both deposits and safe-deposit lockers, replacing the current inconsistent rules. Furthermore, the RBI introduced an auto-bidding feature on its Retail Direct platform, enabling investors to automate bids for Treasury-bill auctions, enhancing systematic investment planning.

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