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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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