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Searched Tag: four nominees per bank account
Understanding the nomination rule in Banking Laws (Amendment) Bill, 2024

Nominating convenience

July 25, 2025, 03:42 PM - 4 min read

The Banking Laws (Amendment) Bill, 2024, has been seen as a radical move by the government to provide greater flexibility in managing assets by allowing up to four individuals to be named as nominees by bank account holders

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Govt proposes banking amendments; 4 nominees per A/C

Govt proposes banking amendments; 4 nominees per A/C

August 9, 2024, 11:57 AM - 2 min read

A new bill, the Banking Laws (Amendment) Bill, 2024, is set to be introduced by the government. This bill aims to increase the number of nominees per bank account to four, up from the current limit of one, among other changes.

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