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An Illiterate Tribal went to Bank for Loan of INR 2,00,000/- to buy Buffaloes.
Branch Manager asked what Collateral Security will he offer.
Since the Tribal didn't Understand the Concept, Branch Manager explained in detail about Collateral Security.
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An Illiterate Tribal went to Bank for Loan of INR 2,00,000/- to buy Buffaloes.
Branch Manager asked what Collateral Security will he offer.
Since the Tribal didn't Understand the Concept, Branch Manager explained in detail about Collateral Security.
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The tribal kept his house as Collateral and Loan was sanctioned for INR 2,00,000/- @ 9% interest for 5 Years.
In 6 months Tribal repaid entire Loan. Branch Manager was very happy & asked him what he was doing with the excess Money in hope of Getting his FD target fulfilled.
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In 6 months Tribal repaid entire Loan. Branch Manager was very happy & asked him what he was doing with the excess Money in hope of Getting his FD target fulfilled.
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Tribal told he kept it in his house locker.
Manager pitched for his FD deposit saying that Bank will give 7 % interest and that his Money will Grow.
Now Came the interesting Part
The Tribal asked him
.
.
What Collateral Security will Bank offer me to keep my Money in Bank?
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Manager pitched for his FD deposit saying that Bank will give 7 % interest and that his Money will Grow.
Now Came the interesting Part
The Tribal asked him
.
.
What Collateral Security will Bank offer me to keep my Money in Bank?
+
☝️ This question needs to be asked
By those who deposit money in bank
By retirees who deposit money in bank hoping they will run their lives based on interest
By trusts running welfare programs using interest earned
As safe as a bank is an oxymoron due to greed of few!
By those who deposit money in bank
By retirees who deposit money in bank hoping they will run their lives based on interest
By trusts running welfare programs using interest earned
As safe as a bank is an oxymoron due to greed of few!
