In the case of advances against fixed deposits receipts of the bank Options: A . &nbspdeposit represented by the receipt is assigned to the bank B . &nbspdeposit receipt is pledged to the bank C . &nbspdeposit receipt is hypothecated to the bank D . &nbspA lien is created on the deposit receipts in favour of the bank

In the case of advances against fixed deposits receipts of the bank

Question

In the case of advances against fixed deposits receipts of the bank

Options:

A . deposit represented by the receipt is assigned to the bank

B . deposit receipt is pledged to the bank

C . deposit receipt is hypothecated to the bank

D . A lien is created on the deposit receipts in favour of the bank

Answer: Option D

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