alleryAt account opening, a bank must inform the customer about:
ANomination facsimile
BNomination formality
CNomination fraternity
DNomination facility
Answer & Solution
Correct answer: D. Nomination facility
1. The customer must be told of its availability and purpose.
2. The advantages must be explained as well.
3. This is the nomination facility.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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