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In case of term deposit with "Either or Survivor" or ‘Former or Survivor' mandate, premature withdrawal of the deposit is

ANot permitted

BPermitted if, there is a joint mandate from the joint depositors to this effect.

CPermitted without any restriction.

DPermitted with the consent of Legal Heirs of the deseased.

Answer:

B. Permitted if, there is a joint mandate from the joint depositors to this effect.

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Related Questions:

The National Co-operative Development Corporation (NCDC) is

Arrange the following institutions in the chronological order of its formation. Select your answer from the choices given below.

  1. The Cochin Central Co-operative Bank.

  2. Trivandrum Central Co-operative Bank.

  3. The Malabar Co-operative Central Bank

With reference to cooperative societies, consider the following statements:

  1. A cooperative Society is a volantary. association of persons.
  2. Cooperative Societies are not driven by economic interests
  3. Cooperatives in all states in India are Soley formed under the Co-operative Societies Act, 1912.
  4. To form a cooperative society at least ten Persons are required.
    As per section 72 --- Is appointed

    From the following statements, which statement is viable to the central cooperative bank?

    1. The share capital when compared to the total working capital is too small.
    2. They failed in mobilising deposits, instead they depended on the apex bank
    3. Banking and non banking activities were mixed which was against the banking Principles
    4. To act as a balancing center for resources for primary societies.