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Fixed Deposits

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Education Loans

RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Penal interest Plinth area Point Of Sale (POS) Power of attorney Pre payment penalty Pre-EMI Prime Lending Rate (PLR) Principal Processing Date Property tax Quantitative Analysis Quarterlies Quick assets Recession Recurring Billing Refinance Charge Refinancing Repayment Repayment Holiday Repo rate Rest Reverse Mortgage Sale deed Simple Interest Stamp duty Statutory Liquidity Ratio (SLR) Stored-value Card Surcharge Tenure of the Loan Time deposit Unsecured loan Variable Interest Rate Reverse Mortgage A financial product, which provides senior citizens with funds against their home equity. Senior citizens can get a regular amount monthly, quaterly or as a lump sum. They can live in their homes for their lifetime and after that banks can recover the amount by selling the property or if the hiers of the property want they can claim it by repaying the dues to the bank.