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What is the liquidity of Floating rate term deposit?

April 26, 2017deposit floating liquidity rate term

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What is the liquidity of Floating rate term deposit?

1 Answer

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Posted

Loan / Overdraft against term deposit is available. At the discretion of the branch manager loan/overdraft up to 90% of FRTD amount may be provided. The loan/Overdraft will be given at interest rate of 1.5%p.a. above the interest rate paid on the deposit.