Cash deposit or placing of owned property by a debtor (the pledger) to a creditor (the pledgee) as a security for a loan or obligation. The pledgee has an implied right to confiscate and/or sell the pledged property to satisfy his or her claim in case of a default.

REPAYMENT PERIOD:- Upto date of maturity of security pledged.

DOCUMENTATION:- Pronote, Loan Agreement, Set-off Letter, Pledged Security duly discharged on revenue stamp, Undertaking from guardian, in case of FDR in the name of minor, Bank lien marking by the Bank concerned employee

MARGINS:- 90% to 95% of value of Term Deposit-Margin will be 5% to 10%.

GUARANTORS / SURETIES:- One Surety.