Question

Fixed deposits receipt is ----------by endorsement.

• A. Transferable
• B. Negotiable
• C. Not Transferable
• D. Transferable and negotiable

Answer 1

Answer:

C. Not Transferable

A Fixed Deposit Receipt (FDR) is neither transferable nor negotiable like cheques or promissory notes. It is only assignable under certain conditions, but it cannot be freely transferred