On August 29th The Finance Ministry announced that there are no restrictions on the LGBTQ+ community to open a joint bank account and they also chose one of the queer people as their nominee.
This is to clarify everyone belonging to any gender can now access their balance, whether they are Gay, Lesbian or Trans.
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One of the LGBTQ + community issues has come to their eyes dated October 17, 2023, this issue has been resolved and The RBI, in 2015, directed banks to. include a separate column ‘third gender’ in all their forms and applications to help transgender persons open bank accounts and avail of related services.
Following the Supreme Court judgement dated October 17, 2023, the Centre in April 2024 constituted a six-member committee chaired by the Cabinet Secretary to examine the various issues relating to the queer community.
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Following this judgement, the ministry has decided that no discrimination should happen in the sector of finance, before this the members of the community have faced numerous harassments and they have been stopped for very foolish reasons. To ensure that those things never happen again they decided to take this initiative.
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