Question 17:
deposit is eligible for a loan
on the basis of lien
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A
Saving बचत
Current चालू
Term मुदत
all of above वरील सर्व
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Answer:
Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return. The amount of loan depends on the FD deposit amount. This can go up to 90% – 95% of the deposit amount.
Explanation:
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The answer is all of the above:
Explanation:
- all of above
- A loan against FD (Fixed Deposit) is a sort of secured loan in which consumers pledge their fixed deposit as collateral in exchange for a loan. The loan amount is determined by the amount of the FD deposit. This can be anywhere between 90% and 95% of the deposit amount.
- When an overdraft facility is used, a lien is placed on the deposit. Banks may set a minimum and maximum amount for overdrafts.
- In most cases, the maximum amount is a percentage of the fixed deposit.
- Overdrafts are frequently available at somewhat higher interest rates than fixed deposit rates.
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