n NISM Certifications
V-A NISM Series V-A
Medium

Who has to sign the form for registering a change in the default bank account in a mutual fund folio?

Practice question from NISM Series V A - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    By all the holders of the folio

  2. By all the holders of the folio as per the mode of holding

    Correct answer

  3. C

    Only by the first holder of the folio

Why this is the answer

The form to change the default bank account must be signed by all the holders of the folio as per the mode of holding (e.g., joint or single holding).

Test yourself for real

Take a full NISM Series V-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.