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      Question

      An NBFC can take deposits from public for a maximum

      period of ________
      A 12 months Correct Answer Incorrect Answer
      B 24 months Correct Answer Incorrect Answer
      C 36 months Correct Answer Incorrect Answer
      D 48 months Correct Answer Incorrect Answer
      E 60 months Correct Answer Incorrect Answer

      Solution

      Deposit taking NBFCs guidlines: · Are allowed to accept public deposits of tenure of minimum 12 months and maximum 60 months tenure; · The public deposits should not be repayable on demand · NBFC to have an investment grade rating · public deposits limited to 1.5 times of its Net Owned Funds Snapshot from study notes of the ixamBee SEBI course covering topic in detail

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