Your Bank Account Can Now Have
More Than One Nominee
Starting November 1, 2025, the Reserve Bank of India (RBI) is transforming succession planning. You will no longer be limited to a single nominee. This dashboard explains the new framework and allows you to simulate how to distribute your assets.
Bank Accounts
Add up to 4 nominees to your savings, current, and fixed deposit accounts.
Bank Lockers
Secure your physical valuables by designating share percentages for multiple heirs.
Safe Custody Articles
Ensure clear distribution of items held in safe custody with specific instructions.
Interactive Allocation Simulator
Under the new framework, you can specify the percentage share for each person. Use this tool to visualize how you might split your assets among up to 4 nominees.
Manage Nominees (Max 4)
Total must equal 100%.
Visual Distribution
This chart updates in real-time as you adjust shares.
Why this matters?
The shift from single to multiple nominees with defined shares brings specific advantages to banking customers and their families.
Flexibility
Tailor succession plans to complex family structures rather than a "winner takes all" approach.
Transparency
Specifying shares upfront removes ambiguity regarding the account holder's wishes.
Fewer Disputes
Clear percentage allocation reduces potential conflicts among legal heirs in the future.
Easier Claims
Simplifies the claim settlement process for families during difficult times.
