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How to Claim a Deceased Person's Bank Account: RBI 15-Day Rule

By ArthaShala Financial Desk  |  Updated: November 7, 2026  |  ✓ Verified Against RBI Directions (RBI/2025-26/82 & Oct 2026 Master Directions) Losing a parent, spouse, or family member is emotionally devastating. Fighting a bank branch for their life savings shouldn't be your second tragedy. Every day across India, grieving families walk into bank branches holding an original Death Certificate—only to be sent on a months-long runaround. Uninformed branch officers routinely demand court Succession Certificates even when a valid nominee is registered, insist on wealthy third-party sureties, or leave safe deposit locker claims gathering dust for months. Here is the regulatory weapon banks rarely advertise: Under the Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025 (fully enforced across all banks in 2026), your bank is legally required to settle deposit and locker clai...
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India Shelter Finance Appoints Surendra Kumar Sihag: The Strategy Behind the ₹30,000 Crore Ambition

India Shelter Finance Appoints Surendra Kumar Sihag: The Hidden Collections Strategy Behind a ₹30,000 Crore Empire In the affordable housing sector, scaling isn't the hardest part— recovering the money is . With a high-stakes executive hire, India Shelter is aggressively fortifying its asset quality defenses. The Executive Pivot: India Shelter Finance Corporation Limited has brought onboard 25-year lending veteran Surendra Kumar Sihag as President & Chief – Strategy & Customer Excellence . Bolstered by a formidable Q2 FY27 showing (₹11,997 crore AUM), the company is pivoting from pure acquisition to rigorous portfolio lifecycle management. Data Context: Sihag joins India Shelter as AUM crosses ₹11,997 crore, with sights set on a ₹30,000 crore FY30 target. Gurugram | November 9, 2026 — In the high-stakes arena of Affordable Housing Finance Companies (AHFCs), agg...

Amreesh Kher Joins Bharti AXA Life: The Insurtech Masterplan Behind This Mega Bancassurance Pivot

Amreesh Kher Joins Bharti AXA Life: The Hidden Insurtech Strategy Redefining Bancassurance Why does a traditional life insurer need an insurtech founder at the helm of its partnerships? The answer is shaking the foundation of India's ₹8.86 lakh crore insurance sector. The Big Picture: Bharti AXA Life Insurance has aggressively onboarded 25-year BFSI veteran Amreesh Kher as Chief Partnership Officer – New Bancassurance & Alliances . As legacy banking networks evolve into digital ecosystems, Kher’s background at API-gateway 1Silverbullet reveals Bharti AXA’s aggressive push toward embedded insurance . The intersection of legacy banking and modern insurtech APIs. Mumbai | November 9, 2026 — A major disruption is quietly unfolding in the Indian life insurance market. While retail agents knock on doors, the real wealth is changing hands inside banking API gateways and...