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Bank Loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 May 2010 Can an Urban Co-op Bank or any other bank disburse loan in cash?
Is it mandatory to disburse loan by cheque?

I am quite confused. Kindly guide me.




Regards,

gargi.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
06 May 2010 NO, first of all loan will be t/f to your account, afterward you will withdraw it.
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Gajendra R. Tiwari

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Gajendra R. Tiwari (Expert)
06 May 2010 Yes agreed with bansal sir. no bank give loan in cash.
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CA Shiv

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CA Shiv (Expert)
06 May 2010 loan cannot be given in cash...
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
06 May 2010 in rural areas agreecultural loan up to 20,000/- are paid by cash to the borower who does not have a/c.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2010 thanks all of you.
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