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JAIIB Paper 2: Principles & Practices of BankingModule A: General Banking OperationsUnit 02: Garnishee Order & Attachment Order
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Q1. A branch receives a Garnishee Order (Order Nisi) from a civil court attaching the funds of 'Mr. Rajesh Sharma'. At the time of receipt, Mr. Rajesh Sharma has (i) a Savings Account with a credit balance of Rs. 85,000, and (ii) a Joint Savings Account with his wife ('Either or Survivor') with a credit balance of Rs. 1,20,000. Which account(s) are attached by the Garnishee Order?

A
Neither account is attached until Order Absolute is issued
B
Both the individual account and 50% of the joint account are attached
C
Both accounts are attached in full (Rs. 2,05,000)
D
Only the individual Savings Account (Rs. 85,000) is attached; the Joint Account in joint names cannot be attached for a single debtor's decree
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