Question

Explain the special features of ***** deposits.

Answer 1

The special features of ** deposits are:-*

1. Public deposits are rained for long-term and for medium term.

2. It may be note that, as per the guidelines issued by the Reserve Bank of India.

3. Public deposits cannot be accepted for a ** exceeding 60 moths.

4. A company can accept public deposits only up to a maximum of 25% of its paid-up capital and free reserves.