The lock-in period in case of a term deposit means -

Locker service is not available

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Premature withdrawal is not possible

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Another account cannot be opened

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No further investment is possible

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None of these

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Solution

The correct option is B Premature withdrawal is not possible
A lock-in period means that the premature withdrawal of funds is not possible.

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The lock-in period in case of a term deposit means -

The correct option is B Premature withdrawal is not possibleA lock-in period means that the premature withdrawal of funds is not possible.

The correct option is B Premature withdrawal is not possible
A lock-in period means that the premature withdrawal of funds is not possible.