Legal heirs of a deceased customer approaches the bank with a copy of the Will left by the deceased and request for payment of the deposit standing in the name of the deceased depositor. Bank should
A. obtain a probated Will and pay the amount to the legal heir
B. obtain the Will and pay the amount to the legal heir
C. both A and B
D. None of the above
Answer: Option A
This Question Belongs to Commerce >> Banking And Financial Institutions
Related Questions on Banking and Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
Join The Discussion