Banking · Retail Banking Products
For a standard Fixed Deposit (FD), which is a core Deposit Product, what would be the bank's most effective actions to move it from the Maturity Stage back towards a potential Growth Stage? (A) Increase the penalty for premature withdrawal to discourage competition. (B) Unbundle the product and link it to Other Products and Services (e.g., auto sweep to a Demat account or investment fund). (C) Introduce incremental innovations such as tax-saving features, monthly interest payment options, or a digital renewal process. (D) Drastically cut the interest rate to reduce the cost of the liability.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B and C only✓
- 2A, B, and C only
- 3B and D only
- 4A and D only
Correct answer
B and C only
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