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    5. How many nominees are allowed per bank account as per RBI norms?

    Question

    How many nominees are allowed per bank account as per

    RBI norms?
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E No limit Correct Answer Incorrect Answer

    Solution

    As per the recent Banking Laws Amendment Bill passed in both the houses, an individual can appoint up to 4 nominees to their bank account, bank lockers, fixed deposits and recurring deposits.

    Practice Next
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