Question

Nomination facility is applicable to which of the following accounts?

• A. Only savings accounts
• B. Only joint accounts
• C. All deposit accounts including single, joint, and sole proprietorship
• D. Only fixed deposits

Answer 1

Answer:

C. All deposit accounts including single, joint, and sole proprietorship

Nomination is allowed for all types of deposit accounts, whether held singly, jointly, or in the name of a sole proprietor.