HDFC Bank Faces Criticism Over Year-Long Nominee Fund Transfer Delay
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HDFC Bank Faces Criticism Over Year-Long Nominee Fund Transfer Delay

A social media complaint highlighted HDFC Bank's alleged year-long delay in transferring funds to a nominee after the account holder's death, despite submission of all required documents. The complainant stated that HDFC Bank cited lost documents and requested repeated submissions, contrasting with a swift settlement by IndusInd Bank. The issue gained attention, with a Member of Parliament tagging the RBI and vowing to raise it in Parliament. HDFC Bank has apologized for the incident.

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