Multiple choice

The maximum period for which fixed deposit accounts allowed to be opened in a bank for an individual customer

  1. 3 years;

  2. 5 years;

  3. 10 years;

  4. 20 years
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

While bank policies vary, 10 years is a common regulatory or internal limit for the maturity of fixed deposits for individual customers in many banking systems.

Keep practicing — related questions