Take overdraft limit on mother father gifted money
This query is : Resolved
04 April 2021
I want to take overdraft limit on Bank FD for fullfill my financial requirements in my business but this FD genrate by the taken from gifted money of by my mother and father and my wife money , in this fd 90% share of gifted money which I recieve from above relatives and my share is only 10 % in this FD , what complications in this case which I face; please suggest me ?
Dhirajlal Rambhia
(Expert)
24 September 2021
If FD is in your name, get gift deed made from your mother father.
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