Acknowledgement of a nomination form must be given within:
AThree working days
BSeven working days
CEight working days
DNine working days
Answer & Solution
Correct answer: A. Three working days
1. It covers registration, cancellation and variation.
2. It is given whether or not the customer asks.
3. The limit is three working days.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
Keep practising RBI Act & BR Act
Browse all RBI Act & BR Act questions for IBPS Clerk, or explore more Banking Awareness topics.
Related questions
Match each banking compliance restriction with its section:Match each regulatory control power under the Banking Regulation Act with its section:Match each key section of Banking Regulation Act 1949 with its legal mandate:Match each vital section of RBI Act 1934 with its statutory provision:Pick the right section, quicklySpot the one that does not fitOrder the sections as they appearFill the gaps in the RBI Act