There have been recent changes to nomination rules for bank accounts, mutual funds, and demat accounts. 

Bank accounts 

• The Banking Laws Amendment Act, 2024 allows up to four nominees to be named for a bank account.
• The nomination can be made for deposits, safe custody, and safety lockers.
• The nomination must specify the percentage of the deposit allocated to each nominee.
• If the order of nomination is not specified, the nominees will be considered in the order of their names.

Mutual funds and demat accounts

• The Securities and Exchange Board of India (SEBI) allows up to 10 nominees to be named for a mutual fund or demat account. 
• The nomination must be made directly by the investor. 
• The nominees can hold the assets jointly or open separate accounts. 
• The investor must provide detailed information about their nominees, including their PAN number, driving license number, or Aadhaar number. 

These changes aim to improve services for depositors, nominees, and investors. They also help to reduce unclaimed assets and improve the management of investments.