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Are public deposits of any HFC guaranteed by NHB?

deposits guaranteed HFC nhb public
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Are public deposits of any HFC guaranteed by NHB?

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No. Though ICICI HFC is within its regulatory framework, NHB does not undertake any responsibility for the repayment of deposits/discharge of liabilities by ICICI HFC. The depositor is advised to satisfy himself about the financial position and all relevant aspects before placing his deposit with any HFC.

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