BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Mahesh and Suresh are friends aged 14 and 15 respectively. They want to open a joint account in your bank. You will
|
|
allow them to open a joint account to be operated jointly
|
|
|
allow them to open a joint account with operating instructions either or survivor
|
|
|
allow them to open a joint account with operating instructions former or survivor
|
|
|
allow them to open a joint account with operating instructions any one or survivor
|
Explanation:
Detailed explanation-1: -The account holders can change the mode of operation of the account to either jointly, survivor or single. Else one can continue with the original mode of operation.
Detailed explanation-2: -F OR S: FORMER OR SURVIVOR Usually, this mode of operation is used by elderly persons while opening joint account with their siblings.
There is 1 question to complete.