uTrade Algos

Is a margin on FD available and what is the process of getting it?

Margin on FD (fixed deposit) is a facility where you can borrow funds against your fixed deposit as collateral. This allows you to access funds without breaking your FD prematurely. The process typically involves applying for a margin loan against your FD. Once approved, you can borrow a percentage of the FD’s value as a loan, with the FD serving as security. On uTrade Algos, a margin on FD is available. For details on the process of obtaining a margin on FD, click here.