CAN AN EDUCATIONAL TRUST ACCEPT DEPOSIT

[SANKARA NARAYANAN ME]

ABC IS AN EDUCATIONAL TRUST. IS IT POSSIBLE TO IT, TO ACCEPT DEPOSIT OR BORROW LOAN FROM PUBLIC PEOPLE?. IF POSSIBLE, WHAT IS THE MAXIMUM INTEREST RATE?

AI Summary

Educational Trust ABC Seeks Clarification on Accepting Public Deposits and Loan Interest Rates An educational trust, referred to as ABC, is inquiring about the possibility of accepting deposits or borrowing loans from the public. The query seeks clarification on whether such financial activities are permissible and, if so, what the maximum allowable interest rate would be. The discussion includes a response asking if the issue has been clarified, indicating ongoing uncertainty or need for further information.