General Studies · Fixed Deposits
Which of the following describes a key operational instruction for a Fixed Deposit (FD) account that can typically be modified by a single mandate or request from the customer during its tenure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Change the pre-determined Interest on Fixed Deposit rate.
- 2Change the Maturity Instructions (e.g., from Renewal of FD to payment).✓
- 3Change the Periodicity of Time Deposit after booking.
- 4Change the name of the primary account holder.
Correct answer
Change the Maturity Instructions (e.g., from Renewal of FD to payment).
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