Multiple choice

Which of the following is correct in connection with the deceased person’s account?

  1. The payment of claim case is to be disposed of within 30 days.

  2. If an amount is received after death for credit to the account, it is to be credited to the account.

  3. If it is a current account, interest at savings bank rate is to be paid from the date of death to the date of payment.

  4. Testate account means where the customer has not left any will.
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C Correct answer
Explanation

The claimant is eligible to interest on balance lying in current account of the deceased, interest shall be paid at savings bank deposit rate from the date of death of the depositor to the date of payment (settlement of death claim). 

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