The effect of a valid nomination is that?

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Question:
The effect of a valid nomination is that?

1.on death of the sole depositor, the amount will be returned to the nominee

2.on death of the sole depositor /all depositors, the amount will be returned to the nominee after further legal formality.

3.on death of the sole depositor / all depositors, the amount will be returned to the nominee without any further legal formality.

4.none of these

Posted Date:-2021-10-25 14:25:32

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