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The minimum period for which a commercial bank can accept term deposit is __________.

  • The minimum period for which a commercial bank can accept term deposits is 7 days.
  • A customer can deposit their funds with the bank for a minimum period of 7 days and earn interest on their deposit for that period.
  • Some banks may have a minimum deposit amount or other requirements for opening a term deposit account, in addition to the minimum period.
  • Additionally, the interest rate offered on a term deposit may depend on the length of the deposit period, with longer periods typically offering higher rates.