Question

Minimum days for fixed deposit shall be --- days.

• A. 10
• B. 7
• C. 15
• D. 30

Answer 1

Answer:

B. 7

Receipt:

• Minimum days for fixed deposit shall be 7 days (cooperative Banks - 15 days and maximum 10 years)

• Premature closing is allowed, only get's minimum FD interest If the FD i's irrecoverably lost duplicate FDR is issued against the execution of Indemnity bond