- Cash deposit or placing of owned property by a debtor (the pledger) to a creditor (the pledgee) as a security for a loan or obligation. The pledgee has an implied right to confiscate and/or sell the pledged property to satisfy his or her claim in case of a default.
- Upto date of maturity of security pledged.
- Pronote, Loan Agreement, Set-off Letter, Pledged Security duly discharged on revenue stamp, Undertaking from guardian, in case of FDR in the name of minor, Bank lien marking by the Bank concerned employee
- 90% to 95% of value of Term Deposit–Margin will be 5% to 10%.
GUARANTORS / SURETIES:-
- One Surety.