Legal Question in Banking Law in India

I have kept my FDR against vehicle loan for my friend. How can I take out the FDR? He is regular in repayment of loan EMI

Asked on 10/10/13, 4:59 am

2 Answers from Attorneys

J. Radhakrishnan independent Practice
0 users found helpful
0 attorneys agreed

Unless the entire loan is repaid you cannot free your FDR from bank's lien.

Read more
Answered on 10/10/13, 10:14 am
Fca Prashant Chavan Expert Edge LLP
0 users found helpful
0 attorneys agreed


Dear Sir / Madam,

Unless you provide some other security to the bank which they agree to, you cannot get your FD back from the bank till the loan is fully paid off.


Read more
Answered on 10/14/13, 8:44 am

Related Questions & Answers

More Banking Law questions and answers in India

Looking for something else?

Get Free Legal Advice

88953 active attorneys ready to answer your legal questions today.

Banking Law Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony SmithLawSmithLee's Summit, MO
Glen AshmanAshman Law OfficeAtlanta, GA
Barry SteinDe Cardenas, Freixas, Stein & ZacharyMiami, FL
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now