31 August 2008
Fixed deposit receipts can be pledged as collateral security against loan.
Standard forms like loan agreementare (in case holder is borrower), agreement for guarantee (in the case of guarantor), deed of pledge, consent letter etc., available with the financing istitutions, for this purpose.
If FDR does not pertains to that institution from which you are seeking loan then you have to obtain the written consent also.
You have to submit FDR putting your signature on the back of FDR.