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Question 283

In which of the following cases is a branch closing notice required?

    Correct Answer: B

    A branch closing notice is typically required when a bank closes a branch where customers have accounts and conducts their banking activities. Closing a branch due to reasons like a merger and consolidating branches, as described in option B, directly affects the customers who used that branch and requires a notice to inform them of the change. The other options describe scenarios where certain services are stopped or facilities closed, but the main branch location remains operational or is under study for future reopening, which usually does not necessitate a branch closing notice.

Discussion
Cam22Option: D

D is correct