Can PPF deposits be used as collateral in banks

Can PPF deposits be used as collateral in banks?

Jul 20, 2016 by A.K.Jha, Dhanbad  |   Financial Planning

You can use government bonds, PSU bonds, NSC, KVP etc as collateral for bank loan. However, banks will not accept deposit in your PPF account as collateral because balance in your PPF account cannot be attached by bank in the event of a default.

Search
You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY
Edelweiss MF SIP Campaign 300x250
PGIM ELSS Tax Saver Fund Jan 2025 300x600
Feedback
Notification