LAD (loan against deposit) or Fd overdraft it is said.
Yes you can take it around 90-95% of your fd principle amount.
Then invest in IPO.
Interest rate is 1% above the contracted rate of Fd.
Best part is, interest will be charged for period you take LAD/OD. Which will be nominal compared to what you will get for FD without breaking it.
Go through this thread https://www.google.com/url?sa=t&source=web&...
IPO - WASTE OF TIME... Focus on upgrading skills n earn more ...
DD - Waste of time....
Focus on upgrading skills n earn more ... Don't waste your time here.