alleryPayment on a nomination made under some other law gives the bank:
ANo verified discharge
BNo voluntary discharge
CNo valid discharge
DNo visible discharge
Answer & Solution
Correct answer: C. No valid discharge
1. The Act sets out how nomination is to be made.
2. Other laws may allow nomination for other purposes.
3. Such a payment gives the bank no valid discharge.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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