IBPS PO 2011 · Question 89 of 237

Which of the following statements is true?

1. ABanks cannot accept demand and time deposits from public.
2. BBanks can accept only demand deposits from public
3. CBanks can accept only time deposits from public
4. DBanks can accept both demand and time deposits from public.Correct
5. EBanks can accept demand and time deposits only from government.