Set off is right of bank to adjust the debit balance in debtors account against any credit balance lying in another account of debtor.this right enables a bank to combine two accounts of the same person provided both the accounts are in the same name and same right. For purpose of setoff all the branches of a bank are treated as one single entity.
Pledge is the correct kind of security for loan against Bank's own deposit. And assignment for loan against Insurance policy or against other banks deposit.
*Right Of Set Off in Hindi*
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Vgud sir thnku so much
Set off is right of bank to adjust the debit balance in debtors account against any credit balance lying in another account of debtor.this right enables a bank to combine two accounts of the same person provided both the accounts are in the same name and same right. For purpose of setoff all the branches of a bank are treated as one single entity.
Ye kis act m hai
@@vivekyadav-lm9htIt's a bank's established practice that's why the name of the subject is Banking Law and Practice.
Nice
Loan against bank fdr is it pleadge or is it lien
Pledge
@@VivekSingh-fy7iwNo, it's lien.
In McMillan Book loan against fdr is a pleadge but in banking practice it is called lien. What is right ans for purpose of jaiib exam
Assignment hoga
Pledge is the correct kind of security for loan against Bank's own deposit.
And assignment for loan against Insurance policy or against other banks deposit.
Samjha toh do... Actual hai kya chiz.... Books vala hi dirct likh rhe ho
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