Which of the following is correct regarding fixed deposits?
- The tenure of an FD can be maximum 10 years.
- The minimum deposit amount is vary from bank to bank.
- The maximum deposit amount is Rs. 1 crore.
- In a cumulative fixed deposit, interest is compounded quarterly.
1
a, b and c
2
a and b
3
a, c and d
4
a, b and d
5
c and d