Banking General Awareness Banking System Question Bank Practice Questions - Banking and Banking Structure - Legal Aspects

  • question_answer
    In case of FCNR (2) Scheme, the period for fixed deposits is

    A)  as applicable to resident accounts

    B)  for terms not less than 1 year and not more than 5 years

    C)  for terms not less than 2 years and not more than 6 years

    D)  at the discretion of the bank

    E)  None of the above

    Correct Answer: B


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