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    Question

    What is a key feature of South Indian Bank’s 'SIB Quick

    FD' service?
    A It requires customers to have a savings account to open a fixed deposit. Correct Answer Incorrect Answer
    B It involves extensive paperwork for documentation. Correct Answer Incorrect Answer
    C It is a paperless process that uses UPI transactions. Correct Answer Incorrect Answer
    D It mandates a minimum deposit of ₹5,000. Correct Answer Incorrect Answer
    E It is available only during regular banking hours. Correct Answer Incorrect Answer

    Solution

    South Indian Bank’s ‘SIB Quick FD’ allows customers to open fixed deposits (FDs) using UPI transactions, making it a completely paperless process.

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