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      Question

      What is the primary feature of South Indian Bank’s newly

      launched ‘SIB Quick FD’?
      A Requires an existing savings account Correct Answer Incorrect Answer
      B Allows fixed deposits without a savings account Correct Answer Incorrect Answer
      C Minimum deposit of ₹10,000 Correct Answer Incorrect Answer
      D Only available during banking hours Correct Answer Incorrect Answer
      E Offers no insurance on deposits Correct Answer Incorrect Answer

      Solution

      South Indian Bank launched ‘SIB Quick FD’, allowing customers to create a fixed deposit (FD) without a savings account. The service is paperless, uses UPI transactions, and requires only PAN and Aadhaar details.

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