Banking · Para-banking Services

Which of the following is the most suitable example of 'Other Fee Based Services – Distribution of third party products' provided by a commercial bank?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Providing Real Time Gross Settlement (RTGS) facilities for large-value funds transfer.
2Selling a Unit Linked Insurance Plan (ULIP) of a partner insurance company.✓
3Accepting a Fixed Deposit from a retail customer.
4Issuing a Cash Credit facility to a manufacturing unit.

Correct answer

Selling a Unit Linked Insurance Plan (ULIP) of a partner insurance company.

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