Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026
Banking Companies (Nomination) Rules, 2025: legal basis, scope, operative controls, evidence and primary source.
Effective 1 November 2025 and designed to operationalise the expanded nomination regime introduced by the Banking Laws (Amendment) Act, 2025.
Covers nomination, cancellation and variation for deposits, safe-custody articles and lockers, including multiple-nominee mechanics.
Banks should align paper and digital nomination journeys, acknowledgements and core-banking records with the current statutory sequence.
A bank changes its deceased-customer workflow after the 2025 nomination reform. The implementation team uses Banking Companies (Nomination) Rules, 2025 to update nomination capture, acknowledgement, cancellation/variation and claim processing; it then samples live accounts to confirm the core-banking record matches the signed nomination and statutory priority.
Electronic filing: retain the current RBI portal acknowledgement where the operative instrument requires submission.
Open official instrument / prescribed filing source
Use only forms, annexures or electronic returns actually prescribed by the current official instrument. A Finin2min working aid is not an official regulatory form.
Cross-links show relevance only; each instrument retains the legal basis stated in its own official text.
Use the Banking Companies (Nomination) Rules, 2025 version effective on the event date; record amendments or supersession.
Educational reference. Verify the current official instrument and entity-specific RBI requirements before implementation.