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      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.

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