Can Fixed Deposit/Deposit Receipt pledge as a Collateral Security against any loan?
D.V.RamaKrishna (Advocate) 30 August 2008
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