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    Question

    Minimum amount of Certificate of Deposit is┬а

    A 50,000 Correct Answer Incorrect Answer
    B 5 lakh Correct Answer Incorrect Answer
    C 2 lakh Correct Answer Incorrect Answer
    D 1 lakh Correct Answer Incorrect Answer
    E 1.5 lakh Correct Answer Incorrect Answer

    Solution

    Minimum amount of a CD should be┬а Rs.1 lakh , i.e., the minimum deposit that could be accepted from a single subscriber should not be less than┬а Rs.1 lakh , and in multiples of┬а Rs. 1 lakh ┬аthereafter. CDs can be issued to individuals, corporations, companies (including banks and PDs), trusts, funds, associations, etc.┬а

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