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Banking Awareness


FD in a commercial bank can be done for a maximum period of
Options:
A. 15 years
B. 25 years
C. 10 years
D. No limit

 Next Question
Answer: Option C

FD in commercial bank can be done for maximum period of 10 Years

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FD in commercial bank can be done for maximum period of 10 Years

Related Information :

The maximum term that can be granted to use FDs will be 10-years. The longer the period of the deposit is, the greater the interest rate but banks can offer an interest rate that is lower for a longer duration when it is expected that interest rates, which are the rate at that the Central Bank of a nation lends to banks ("repo rates") will drop in the near future.

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