alleryPaying a nominee on the depositor's death is treated as a valid:
ADisbursal
BDischarge
CDiscount
DDisclosure
Answer & Solution
Correct answer: B. Discharge
1. The nomination must have been made under the Act.
2. A survivorship clause has the same effect.
3. The payment is a valid discharge of the bank's liability.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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