Question

In case of the death of a bank account holder, payment to a registered nominee means:

A Nominee becomes the legal heir to the money
B Nominee acts as a trustee to hand over funds to legal heirs
C Nominee can use the money as personal property
D Nominee can transfer funds directly to government accounts
E Nominee can immediately close the account permanently
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)