GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Minimum period of fixed deposit is____days and maximum period for which a bank can accept a deposit presently is____years?
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7 -10
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7 -20
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7 -30
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7 -40
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Explanation:
Detailed explanation-1: -Earn 7.3%* Interest on FD Rates are subject to change as per the bank’s discretion. SBI offers FD interest rates of 3.00%-7.10% p.a. to the general public and 3.50%-7.50% p.a. to senior citizens for tenures ranging from 7 days to 10 years. The interest rate of SBI Tax Saving FD is 6.50% p.a.
Detailed explanation-2: -Some banks do offer premature withdrawal facilities with zero penalty charges. However, if the FD is prematurely closed, before completing 7 days from the date of the booking, the bank or the company is not liable to pay any interest.
There is 1 question to complete.