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Which deposit can an NBFC never accept?
ADirect deposit
BDeferred deposit
CDemand deposit
DDated deposit
Answer & Solution
Correct answer: C. Demand deposit
1. This is a key line between a bank and an NBFC.
2. A bank alone runs current and savings accounts.
3. An NBFC cannot accept demand deposits.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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