Consider the following statement regarding India millennium deposit:
1. It was started by SBI (State Bank of India).
2. This plan is only for non residents
3. It’s maturity period is 6 years Choose correct options.
Answer: A
The Indian millennium deposit scheme, operated by SBI got under way on Oct.21. Indian millennium deposit represent foreign currency deposit in India and are denominated in US dollar, Pound sterling and Euro. This plan is only for non resident plan.