Information about fd holding
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2015
Dear sir/madam
I would like to know about FD holding, i have 130cr iob's FD. My advoisor is suggesting me to sale my FD on more than double amount. Plz reply me is this possible and if possible also tell me about risk envolvment in this process.
Plz reply me asap.
Thanking you
I would like to know about FD holding, i have 130cr iob's FD. My advoisor is suggesting me to sale my FD on more than double amount. Plz reply me is this possible and if possible also tell me about risk envolvment in this process.
Plz reply me asap.
Thanking you
CA R SEETHARAMAN
(Expert)
13 August 2015
It is not possible to sell FD(fixed deposit in IOB) more than double. No sale of FD is allowed. Highly risky don't opt for it.
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