India: LGBTQ persons can open joint bank accounts, nominate beneficiaries
Top Stories Tamfitronics Top Stories Tamfitronics Story highlightsThe Finance Ministry informed that a clarification regarding the issue had also been issued by the Reserve Bank of India (RBI) to all scheduled commercial banks, earlier this monthIn a welcome news for the LGBTQ community in India, people in a queer relationship will no longer face any restriction on opening a joint bank account or nominating a person as a beneficiary to receive the money, the Finance Ministry said in a circular."This is to clarify that there are no restrictions for persons of the queer community to open a joint bank account and also to nominate a person in a queer relationship as a nominee to receive the balance in the account in the event of the account holder," read an advisory that the ministry shared on...
