Current Affairs · Banking Regulations & Policies

In August 2025, regarding RBI's draft rules on claim settlements for deceased customers, which of the following statements accurately describe its features? 1. Banks must settle deposit-related claims within 15 days of receiving all necessary documents, with penalties imposed for delays including interest at Bank Rate plus 4% per annum. 2. Claims in cases with nominees or survivorship clauses require banks to obtain succession certificates before settlement. 3. The draft proposes a minimum claim settlement threshold of Rs 15 lakh under a simplified process where legal documents may not be required.