Question

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

• A. Not permitted
• B. Permitted if, there is a joint mandate from the joint depositors to this effect.
• C. Permitted without any restriction.
• D. Permitted with the consent of Legal Heirs of the deseased.

Answer 1

Answer:

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

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