FDOD lien lifting scenario

While closing FDOD, lien marked with TD will be satisfied from only TD’s principal or from Interest part also?

Regular Asked on February 24, 2020 in No Category.
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  • 2 Answer(s)

    Principal alone.

    Expert Answered on February 24, 2020.
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    It depends on the outstanding of the OD.When TD will get closed,whatever is the outstanding amount of OD will get satisfied from TD and the remaining will be to the Operative account if the customer.

    Regular+++ Answered on March 5, 2020.
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