What is the minimum tenure of deposits to be taken by NBFCs?
[A]6 months
[B]12 months
[C]2 years
[D]3 years

12 months
All NBFCs are not allowed to take deposits. Only those NBFCs which have specific authorization from RBI are allowed to accept/hold public deposits. NBFCs cannot take demand deposits. They can accept only term deposits with a tenure of minimum 12 months.