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