At the time of deletion of one of the account holder, the customer has to surrender the atm/debit card to the

Bank. What is the process the Bank will follow post acceptance of the card In today`s age of computerisation is it necessary to open a new account when a person gets transferred from one city to another 3*2*4 Amrapali has sent an email to the Bank Manager requesting for closure of account and remittance of proceeds by payorder to her home as she is unable to visit the branch 3 The balance in the account of Mr. Salim Khan is Rs.350000/=. The Bank has received an attachment for 400000/=. Mr. Salim Khan has also to pay charges for non maintainaince of quarterly balance of Rs.2000/=. How much amount can the Bank pay the tax authori 2 Sanjana has an NRO savings account with ABC Bank. She would like to add her mother Mala`s name in the account for operational convenience. Mala is a senior citizen resident in India. Can the bank accept the request? 4 Sujata has a savings account that has not been operated for three years . She finds the chequebook while doing Five S at home and issues a cheque for Rs.1000 towards her electricity bill payment 2* Ms. Lakshmi who has a NRO account with her father and mother who are resident Indians. She wishes to delete her name from the account. Is this permissible 2 Vipul has been issuing cheques in his account without sufficient balance, 23 Sameer gives a request for closure of his account as the Bank has returned one of his cheques due to signature difference. He has a balance of Rs,30000 in his account. He claims that the Bank should have checked with him before returning the cheque. 2 Joseph and John have a savings account to be operated by either or survivor. Joseph has submitted a request to the Bank for closure of account as he has a disagreement with John. John is not contactable 2 Can a Bank accept an Income Tax attachment wherein the amount has not been mentioned N When an account is transferred from one city to another, the customer gets a 245 Once the garnishee order is in place, can the Bank honour the cheques issued by the customer N If an account is in a joint name and the Bank receives an Income tax attachment in a single name, what is the procedure the Bank will follow 2 Sohail has an overdraft limit of Rs.2 lakhs in his current account. He has submitted a request to add the name of his brother Anwar in the account 2 If the garnishee order is in a single name. Can a joint account be attached 3 A garnishee order is an order issued by Court on the request of the creditor for attachment of funds of the debtor available with his Bank. The Banker on whom this order is issued is called as 3 Shilpa has requested for transfer of account from Jaipur branch to Delhi . She has also requested that the account number should remain the same. 2 Mr. Varun has an account with BC Bank. He wishes to close the account. The executive at the counter is insisting on he giving reason for closure of account to enable her to accept the application 3 Vinayak has submitted a transfer request form at the Andheri Branch of ABC Bank to get his account transferred from Madurai. 2 Mr.Vasudevan has been maintaining a balance of Rs.3 lakhs in his savings account at the chennai branch of ABC Bank, He wishes to close his account as he has retired and shifting to his home town Trichy. 2 Sadhulal has a savings account with the Bank with a balance of Rs.20 lakhs. On his death, the nominee Sanjaylal requests the Bank to pay the proceeds to him. 123 Vishwanath has a joint account with his wife Lakshmi to be operated by Either or Survivor. He wishes to add the name of his son Srikanth and make him the first holder. He submits a form with Srikanth as the firstholder, Lakshmi as the secondholder and Vi Mr. Sameer had a E or S resident account with his father. On the death of his father, he did not want a sole account so he decided to delete his father`s name and add the name of his brother who is an NRI. Is this permissible by law 2

Resham and Rakesh have a joint account with the Bank . They die together in a car accident. Resham`s son and Rakesh`s son approach the Bank for their share of the funds,How will the Bank settle the deceased claim ? 3 The aspects to be noted while accepting a request for addition of name in an account 124 Kalyan has submitted a request for closure of his savings account with the Bank. Which of the following statements is true ? 2 After how many months as per law does an account become inactive 14 what happens on the death of the karta in an HUF 2 Syed and Sajid have a joint account to be operated by E or S. They have given a request to add the name of Syed`s son Abdul and Sajid`s son Ahmed in the account. The CSO checks the account and finds that there is a nomination in favour of Abdul. 4 Mr. Rajesh has an account with PAR Bank in Mumbai. He has been recently shifted to chennai and has issued from his local cheque book of PAR bank to pay his mobile bill. Will this cheque be sent for collection or paid through anywhere banking 2 Adharsh has a savings account jointly with his friend Yusuf. He submits a request to add the name of his son Abhilash in the account. 1 Shankar has submitted a request for closure of his savings account with the Bank,as he has been charged for non maintenance of minimum balance 1 Justin and Kumar have a joint account with the Bank to be operated by Either or Survivor. Justin gives a closure request bearing signatures of both of them . The Bank finds that Kumar`s signature does not match with the records 1 For addition of names is it necessary to submit a letter signed by all the account holders. Will the Bank accept a letter for addition of name signed by one of the account holder N In case there has been no nomination in the Bank account, on what basis would the Bank pay to the heirs 1*2*3* Rani submits a request for addition of her friend Raja`s name in her account. Which of these are not required for the same ? 4*3*2* Under what section of the Income Tax Act 1961 can attachment orders be issued 1 Chitralekha and Chandrarekha have a joint account 009001990990 to be operated by Either or Survivor. Based on their request, the name of Chandrarekha was deleted from the account. One month later, the Bank receives a credit of Rs.20000 favouring Chandrare Vijay Electronic Corporation Limited has a current account with the Bank operated by its directors Jonathan and Francis jointly. Jonathan visits the branch and submits a request to the Bank to include the name of his son Jagan as an authorised signatory I 1 One of the customer lost his cheque book. He did not inform the Bank for stop payment. The Bank received one of these cheques for payment where in the signature was very cleverly forged. Does the Bank get any protection because of the negligence of the cu N NRO account jointly held by an NRI and resident, which of the following statements is wrong ? 1 Lakshmi is a NRI and she wants to open a NRO account in India. Can she have this account joint with her father who is a resident Indian Y A customer who had issued a cheque before he dies reaches the bank for payment after his death. The bank is aware of the death of the customer also. Should the customer pay this cheque N Starcity Residents welfare society has an account with the Bank operated by the President Mr,Kumar and treasurer Mr.Ajay. They would like to add the name of the secretary Mr.Murthy as an authorised signatory in the account 3 Seetha has a joint account with her husband Ramachandran, They wish to delete Seetha`s name and add their son Kalyan`s name to the account . 4*3*2* Tarun has a bank account jointly with his father Venkatachalam. He wishes to add his mother Lakshsmi`s name to the account 234

A and B have a joint account to be operated by Either or Survivor. B approaches the Bank with a request to delete his name from the account 3 John has a fixed deposit and a savings account in the Bank. The Bank has marked a lien on the fixed deposit for a garnishee order received from the court. John submits a request to add the name of his brother George in the account 4* Shekhar has a balance of Rs.5 lakhs in the savings account . He gives a request for closure of his savings account. Which of the following statements is true? 2 Siddhu and Sandhu hold a savings account jointly to be operated by Either or Survivor. Siddhu dies in an accident, His son Kamal approaches the bank claiming payment as the legal heir 2 Suman has a joint account in the Bank with his brother Sekhar. Suman dies in an accident. The balance in the account will be payable to 2 In an overdraft account held jointly by X and Y, the Bank receives a request to delete Y`s name 1 Santhanam has a joint account with his wife Seethalakshmi. He gets transferred to Delhi from Madurai and submits a transfer request form at his Madurai branch. The bank finds that the signature of Seethalakshmi does not tally with the records 4*3 When customers submit a request for deletion of account, which of these aspects must be checked ? ALL If a name is added subsequent to the death of an account holder 1 Mr. and Mrs. Desai have recently opened an account in the bank. They wish to nominate their son. Which form should they fill up in the Bank 2* In case a customer has taken an overdraft against a fixed deposit. They want to delete the name of one of the account holder. Is this permissible 2* Aman has an NRE savings account with the Bank. He submits a request to add the name of his brother Arun in the account 13 What does the Bank normally do on death of a partner 1* Savita requests for closure of her savings account and issue of demand draft in her name payable at Delhi and courier the same to her permanent address in Delhi. Which of the following statements is true 3* Bank has paid the proceeds of Sadhulal`s savings account to the nominee SanjayLal. One week later , Sadhulal`s daughter approaches the Bank claiming that she is one of the legal heirs and so Bank was wrong in making payment to SanjayLal