Discussion :: Banking Awareness
- In the case of advances against fixed deposits receipts of the bank
A.
deposit represented by the receipt is assigned to the bank |
B.
deposit receipt is pledged to the bank |
C.
deposit receipt is hypothecated to the bank |
D.
A lien is created on the deposit receipts in favour of the bank |
Answer : Option D
Explanation :
Explanation Not Provided
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