How fixed deposit from ledger will be treated?
In case you have opted for fixed deposit from ledger, any unutilized margin on the day of settlement payout will lead to liquidation of fixed deposit. Interest rate will be reduced based on tenor and Prematurity penalty will be applicable.
Related Articles
Handling of Fixed Deposit (FD) created on my behalf from ledger.
In the case of clients who have opted for fixed deposit from the ledger, any unutilized margin on the day of settlement payout will lead to liquidation of the FDR. The interest rate will be reduced based on tenor, and a prematurity penalty will be ...
Is NCD a Share or a fixed deposit?
NCD is neither a share nor fixed deposit. It is similar to fixed deposit in the sense that, the return and tenure is fixed.
How client can check previous ledger details?
Client can access the ledger report by following these steps - Through IIFL Mobile App: 1.Login to Mobile app 2.Select My Reports. 3.Select Bills . 4.Select Ledger 5.You will be able to access ledger report. You can customize duration for the report ...
Where client can find my ledger/funds history?
Login to Mobile app Click on the Funds icon in the main bottom menu. Click on Funds dropdown button once client is in the Funds section. Click on View Ledger button located at the bottom of the Funds dropdown menu. Client will be able to find the ...
Will Delayed Payment Charges (DPC) be applicable on ASM?
Yes, Any shortfall arising due to ASM will be considered while calculating ledger balance and DPC will be applicable. No waiver of DPC will be granted for ASM-related shortfalls.