Discussion :: IBPS BANK EXAM TEST 2
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'Nomination' for a deposit account in the bank means
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A.
Mandate given by the close relative/s of the depositor, to settle the death claim in case of death of the depositor. |
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B.
Mandate decided by the bank to settle the death claim of its depositor |
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C.
Mandate of the depositor in favour of one or more persons, to claim the amount on death of the depositor |
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D.
Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositor. |
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E.
Court order instructing the banks to settle the death claim of its depositor. |
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Answer : Option D
Explanation :
N/A
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