As of November 2026, what maximum term do State Bank of India and HDFC Bank both offer on their…
SBI and HDFC Bank both offer standard domestic retail fixed deposits with terms up to 10 years. The Reserve Bank of India's deposit directions give commercial banks freedom…
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As of November 2026, what maximum term do State Bank of India and HDFC Bank both offer on their standard domestic retail fixed deposits?
Answer and explanation
Correct answer C
SBI and HDFC Bank both offer standard domestic retail fixed deposits with terms up to 10 years. The Reserve Bank of India's deposit directions give commercial banks freedom to set the term subject to a minimum of seven days for domestic term deposits. Ten years is the maximum for the specified products.
Option feedback
Option A
Five years is within the offered range, but both banks offer longer terms.
Option B
Three years is within the offered range, but both banks offer longer terms.
Option C
Both banks' standard domestic retail fixed-deposit terms extend to 10 years.
Option D
The published ranges for these standard products end at 10 years.
Option E
Both banks specify a maximum term for these products.
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