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Normally no deposit accepted by a company is repayable earlier than ____ from the date of acceptance or renewal:
Answer & Solution
Correct answer: B.
1. Rule 3(1) of the Deposit Rules sets the minimum tenure at six months.
2. Premature repayment before 6 months is barred except in narrowly defined exceptions.
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — Acceptance of Deposits_