Acting as a representative payee means the bank:
AGuarantees customer loans
BManages payments like rents and premiums on behalf of customers
CInvests customer funds without consent
DProvides legal representation
AGuarantees customer loans
BManages payments like rents and premiums on behalf of customers
CInvests customer funds without consent
DProvides legal representation
Related Questions:
Which of the following pairs is correctly matched with respect to capital or paid up capital requirements? Institution Minimum Paid-Up / Initial Capital Requirement
Local Area Bank ₹5 crore
Small Finance Bank ₹300 crore (revised)
Payment Bank ₹100-200 crore
All of the above
Choose the correct option: