BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7-120
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180-120
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180-84
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1-120
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Detailed explanation-1: -The Domestic & NRO Rupee Term Deposits can be opened for minimum period of 7 days and maximum up to 10 Years. For NRE Term Deposits, minimum period is 1 Year and maximum up to 10 Years.
Detailed explanation-2: -The tenure for a Flexi Deposit account ranges from a minimum of 15 days to 91 days.
Detailed explanation-3: -Penalty for default in payment of minimum deposit will be Rs. 50/-per financial year. What is the minimum and maximum period of deposit ? The minimum period of deposit is 5 years and maximum is 7 years.
Detailed explanation-4: -A short-term FD has a maturity tenure of a minimum of 7 days to a maximum of 12 months. The short-term FD interest rates would vary from bank to bank and could also be revised at any time. Investors can also withdraw their deposit prematurely.