LGBTQ persons can open joint bank accounts, nominate partners as beneficiaries

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Times of India 2d ago

LGBTQ persons can open joint bank accounts, nominate partners as beneficiaries - Times of India

Quick Summary:

The finance ministry announced that LGBTQ individuals face no restrictions in opening joint bank accounts or nominating their partners as beneficiaries.

The advisory was posted by department of financial services, which comes under the finance ministry, on its X (formerly Twitter) account.

Following the Supreme Court judgment in October 2023, the Centre established a six-member committee chaired by the cabinet secretary in April 2024 to address various issues concerning the queer community.