n NISM Certifications
X NISM Series X
Medium

What is the maximum deposit limit under the Post Office Time Deposit scheme?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 5 Lakhs

  2. B

    Rs. 10 Lakhs

  3. C

    Rs. 25 Lakhs

  4. No maximum limit

    Correct answer

Why this is the answer

There is no prescribed maximum limit for deposits in Post Office Time Deposits.

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