In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated August 06, 2025 regarding the review of extant regulatory guidelines on settlement of claims in respect of deceased depositors, Reserve Bank has released today the draft circular in this regard.

Comments/ feedback by the stakeholders and members of public on the draft circular may be submitted through the respective link under the ‘Connect 2 Regulate’ Section available on the Reserve Bank’s website or alternatively through e-mail by August 27, 2025. Final circular shall be issued after considering the stakeholder/ public comments.

(Puneet Pancholy)  
Chief General Manager

Settlement of claims for deceased bank customers: draft RBI directions open for stakeholder comments, deadline Aug 27. The Reserve Bank has published draft Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025, inviting stakeholder and public comments via the 'Connect 2 Regulate' portal or e mail; a final circular will be issued after considering submissions.