RBI proposes standardised claim settlement for deceased customers; 15-day deadline, penalties for delay
The Reserve Bank of India (RBI) has proposed standardised forms and a uniform process for settling claims related to deceased customers’ bank accounts, lockers, and ...
Settling claims to get easier for heirs of deceased clients
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 ...
EPFO settles nearly 50% of claims within 3 days, 69 lakh cases cleared so far this fiscal, automated limit to rise to Rs 5 lakh
The EPFO has significantly accelerated claim settlements, processing nearly half within three days due to increased automation. As of June 5, 2025, 68.96 lakh claims ...
