alleryWhich is a survivorship clause on a joint deposit account?
AWhichever survivor
BEither or survivor
CNeither or survivor
DWhether or survivor
Answer & Solution
Correct answer: B. Either or survivor
1. The clause decides who may operate after a death.
2. Anyone or survivor and former or survivor are others.
3. Either or survivor is the common form.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
Keep practising Negotiable Instruments Act
Browse all Negotiable Instruments Act questions for IBPS Clerk, or explore more Banking Awareness topics.