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Banking Rule Changes 2025: The year 2025 has been full of changes for the banking sector.  Withdrawing money from inactive accounts has become easier, unclaimed deposits have been returned, and significant improvements have been made to nominee rules... In fact, these decisions have directly benefited ordinary account holders and their families. So, let's find out which banking rules changed in 2025.

Banking Rules Changed in 2025
The year 2025 is now in its final stages, and it is considered a very important year for the banking sector.  Throughout the year, several decisions have been made that have directly benefited general account holders.  Withdrawing long-stuck funds has also become easier this year.  In fact, the rules related to nominees have changed, and there has been greater transparency regarding inactive accounts. Yes, these changes have made the banking system more reliable, customer-friendly, and easier than before. So, let's find out which banking rules changed in 2025.

Access to Funds in Inactive Accounts Made Easier
There are millions of bank accounts in the country that have not seen any transactions for years.  The money deposited in these accounts is called "unclaimed deposits." Earlier, withdrawing this money was very difficult, but now the RBI and the government have changed the situation. After verification of identity and documents, it has become easier to return the money to the rightful account holders or their heirs. By 2025, banks will have returned crores of rupees in unclaimed funds to their rightful owners.

Account Funds Remain Safe with the DEA Fund
If an account remains inactive for 10 consecutive years, the amount deposited in it is transferred to the Depositor Education and Awareness (DEA) Fund created under the RBI. This money remains completely safe. In fact, by June 30, 2025, public sector banks had deposited approximately ₹58,000 crore in this fund, with the largest contribution coming from SBI. Private banks have also transferred crores of rupees to this fund. The special thing is that as soon as the account holder or heir comes forward, the amount is returned without delay.

PSB's Right to Auditor Salary: Independence will Increase
The Banking Laws (Amendment) Act 2025 granted Public Sector Banks (PSBs) the right to determine the salary of statutory auditors. Previously, the RBI determined this. This will attract better auditors and improve audit quality.  They also received the right to transfer unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF). Banks now have the right to transfer unclaimed funds to the IEPF, and the tenure of cooperative bank directors has been extended from 8 to 10 years.

Historic Changes in Nomination Rules
The biggest and most important change in 2025 was seen in the nomination rules.  From November 1, 2025, account holders can now nominate up to four nominees for their bank accounts, lockers, or deposits. Previously, only one nominee was allowed, which often led to disputes. But now, in 2025, the account holder can also decide what share each nominee will receive and how the payment will be made.

Families will receive direct benefits.
The biggest advantage of these new rules will be for the account holder's family. After the death of the account holder, withdrawing money will now take less time, and legal complications will be reduced. Overall, these changes in the banking sector in 2025 have brought great relief to common people and will further improve the banking experience in the future. (Note: This news is based on general information; for more details, please contact a bank.)

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