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Can an account be denied only because nomination was refused?
AYes, for a firm
BYes, for a trust
CNo, it may not
DYes, it always may
Answer & Solution
Correct answer: C. No, it may not
1. Every other requirement must still be met.
2. Refusing nomination is the customer's right.
3. The account must not be denied or delayed for it.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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