Persons from the queer community (lesbian, gay, bisexual, and transgender -LGBT community) can open joint bank accounts and also nominate a person in the queer relationship as a nominee for the account, the Union government says.
The advisory from the ministry comes following the 17 October 2023 order of the Supreme Court in the case of Supriyo@Supriya Chakraborty and another vs Union of India.
According to the advisory, last week, the Reserve Bank of India (RBI) also issued a clarification to all scheduled commercial banks (SCBs) on the opening of joint accounts by persons from the queer community.
