What does 'Nomination' for a deposit account in the bank mean?

Question

Options:

A . Mandate was given by the close relatives of the depositor to settle the death claim in case of death of the depositor

B . Mandate decided by the bank to settle the death claim of its depositor

C . Mandate of the depositor in favor of one or more persons to claim the amount on death of the depositor

D . Mandate of the depositor in favor of a close relative who can claim the amount on death of the depositor

Answer: Option D

Submit Your Solution Below and Earn Points !

Next Question

More Questions on This Topic :

Question 1. The Reserve Bank of India was established on _______. ....

Question 2. Union Minister of State for Atomic Energy for Space is ___________ ....

Question 3. New TRAI (Telecom Regulatory Authority of India) Chairman is _________ ....

Question 4. ISRO achieved a huge milestone as it successfully tested latest and most powerful cryogenic engine for 800 seconds on 2....2015. This full duration test was performed successfully at _________

Question 5. Commercial arm of ISRO is ______ ....

Question 6. "Father of Indian Missile Science" is ______ ....

Question 7. The ICC World Twenty 20 cup 2016 hosts by _________ ....

Question 8. The list of Important days given. Locate the correct option? ....

Question 9. On 25th July 2015, to ensure round the clock electricity supply to farmers and rural households, "Deen Dayal Upadhyaya ....households, "Deen Dayal Upadhyaya Gram Jyoti Yojana" launched at _______

Question 10. Trophy and Sport / Game event given, Pick the correct combination. ....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0