Who among the following cannot Nominate in a Bank?

  1. NRI
  2. Joint Holders
  3. Minor
  4. Both 1 and 2
  5. All of the above
Abdul Salam Newbie Asked on 8th August 2015 in General Knowledge.
Add Comment
  • 1 Answer(s)

    Minor

    A minor cannot nominate either directly or through its guardian. However, a minor can be a nominee. In such a case, the guardian will sign on behalf of the nominee. Nomination can be made only by individuals holding beneficiary accounts either singly or jointly.

    Monis Rasool Professor Answered on 8th August 2015.
    Add Comment
  • Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.