n NISM Certifications
XVII NISM Series XVII
Medium

Which statement is NOT a feature of Fixed Deposits?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Longer-term deposits usually pay higher rates

  2. B

    Senior citizens often get special rates

  3. Interest rates can change during the deposit period if the bank changes rates

    Correct answer

  4. D

    Fixed deposit interest rates are fixed and do not change during the tenure

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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