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FakruddinFakruddin asked 1 year ago

B. 6is the mcq in bank audit chapter. Pg no. 56
Internal auditor of FCD BANK for ensuring lein on fixed deposits.!
In answer given I.e. (b) 
It’s said that fixed deposits are discharged in favour of bank. They were just for lein. Why would discharge happen At the time of issue of loan itself? 

1 Answers
RaviRavi Staff answered 1 year ago

Discharged in Favour of Bank means charge is created on them, we write on them, till the time loan is repaid bank has right over them. It doesnt mean liquidating them.

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