Multiple choice

Addition of names in a fixed deposit receipt can be made

  1. at the request of any of the joint deposit account

  2. at the request of all the four joint deposit account holders

  3. at the request of all the three (or less) joint deposit account holders

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Adding names to a fixed deposit receipt requires consent from ALL existing joint holders to protect everyone's interests and prevent unauthorized changes. The option mentioning 'three or less' correctly captures that the requirement is unanimous consent, regardless of whether there are two, three, or more joint holders.

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