Tuesday, November 5, 2024

TOPIC

Fixed deposit

Why one should insist for Fixed Deposit Receipt

Please remain informed that no Central / State Government department will accept signed FD advice as security though they do not raise any objection on signed Fixed Deposit Receipt which is considered a debt instrument i.e. can easily be offered for security.

Understanding deposit insurance in case of bank liquidation

There is a need to spread awareness among depositors community and the common public so that could secure the money to large extent.

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