alleryIn a simultaneous nomination, a nominee's death makes ineffective the:
ANomination for the account
BNomination for the branch
CNomination for the bank
DNomination for that share
Answer & Solution
Correct answer: D. Nomination for that share
1. Other nominees are unaffected.
2. Only one share is left without a nominee.
3. The nomination in respect of that nominee alone lapses.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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