Question

    What is the minimum age set by the RBI for a minor to

    independently operate a savings or term deposit account?
    A 8 years Correct Answer Incorrect Answer
    B 10 years Correct Answer Incorrect Answer
    C 12 years Correct Answer Incorrect Answer
    D 14 years Correct Answer Incorrect Answer
    E 16 years Correct Answer Incorrect Answer

    Solution

    As per the latest RBI directive, minors aged 10 years and above can independently operate savings or term deposit accounts.

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