IN THE CASE OF ADVANCE AGAINST FIXED DEPOSIT RECEIPTS ISSUED BY BA...
15.
In the case of advance against fixed deposit receipts issued by banks:
(a) the deposit receipts are assigned to the bank
(b) the deposit receipts are hypothecated to the bank
(c) the deposit receipts are mortgaged to the bank
(d) a lien is credited in favour of the bank on the deposit receipts
(e) None of the above