https://www.taxtmi.com/news?id=32733 A loan against a fixed deposit is a secured borrowing facility where a lender advances a percentage of the FD value, typically at an interest rate marginally above the FD rate, without breaking the deposit; the loan tenor generally aligns with the FD's remaining maturity, the FD continues to earn interest, and default may lead the lender to liquidate the pledged deposit to recover dues. Borrowers must assess eligibility, lender-specific advance limits, interest spread, fees, repayment terms, and the impact on overall returns. en-us Mon, 03 Feb 2025 18:01:03 +0530 Mon, 03 Feb 2025 18:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32733 A loan against a fixed deposit is a secured borrowing facility where a lender advances a percentage of the FD value, typically at an interest rate marginally above the FD rate, without breaking the deposit; the loan tenor generally aligns with the FD's remaining maturity, the FD continues to earn interest, and default may lead the lender to liquidate the pledged deposit to recover dues. Borrowers must assess eligibility, lender-specific advance limits, interest spread, fees, repayment terms, and the impact on overall returns. News - Mon, 03 Feb 2025 18:01:03 +0530 https://www.taxtmi.com/news?id=32733