BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In bob World Internet, nominee updation request is limited to ____ per year.
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Explanation:
Detailed explanation-1: -Transaction Limit: Rs. 30 Lakhs per transaction and Rs. 75 lakhs per day.
Detailed explanation-2: -There can be only one Nominee for a deposit account whether held singly or jointly. A resident can nominate NRI as Nominee but the repatriation of amount will be only after permission from RBI. A person legally empowered to operate a minor’s account can file a nomination on behalf of the minor.
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