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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-2

  • question_answer
    According to the Reserve Bank of India, a minor cannot operate a saving bank account independently till he/she attains the age of

    A)  10 years                      

    B)  12 years

    C)  14 years                      

    D)  16 years

    E)  18 years

    Correct Answer: A

    Solution :

    As per a RBI guideline, issued in May 2014, minors above 10 years of age can open and operate independently savings bank account and use other facilities like ATM and cheque books. RBI had earlier permitted minors to open fixed and savings deposit bank account with mothers as guardian


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