In the case of advance against fixed deposit receipts issued by Banks : - Study24x7
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Banking/IRDA
265 followers study24x7 21 May 2021 01:16 PM study24x7 study24x7

In the case of advance against fixed deposit receipts issued by Banks :

A

the deposit receipts are assigned to the bank

B

the deposit receipts are hypothecated to the bank

C

the deposit receipts are mortgaged to the bank

D

a lien is created in favour of the bank on the deposit receipts

Banking
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