Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

sujay (salaried)     30 August 2008

Fixed Deposit Pleding

Can Fixed Deposit/Deposit Receipt pledge as a Collateral Security against any loan?



Learning

 2 Replies

D.V.RamaKrishna (Advocate)     30 August 2008

Sujay




 


Pledging of Fixed Deposit/Deposit Receipt againast any loan depends upon the type of loan, amt. of loan, term of loan etc and most importantly the terms and conditions of loan and the lender.




 


 

mayank shukla (legal profession)     24 October 2009

short answer is YES. an FDR is an actionable claim/asset and can be pledged to secure any loan. mayank shukla


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register