Economics · Banking in India
Non-Banking Financial Companies (NBFCs) are strictly prohibited from accepting which of the following types of deposits from the public?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Recurring deposits
- 2Demand deposits (such as savings or current accounts)✓
- 3Term deposits
- 4Fixed deposits
Correct answer
Demand deposits (such as savings or current accounts)
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