Loan against fixed deposit
Borrowing from the bank using an existing fixed deposit as security, available up to 75 to 90 per cent of the deposit amount, so that the deposit keeps running instead of being broken.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Know Your CustomerThe identity and address check every investor must clear before a bank, broker or depository participant will open an account — mandatory under the Prevention of Money Laundering Act, 2002.
- Monetary policyThe central bank's management of money supply and interest rates to promote growth and hold prices stable — expansionary when it wants to push the economy up, contractionary when it wants to cool it.
Where this is taught
Free preparation for NISM Series SEBI-ICE← All terms