Is it possible for me to deposit 10L as FD, take an overdraft, and lend 8L to my friend at 24% interest? Can I make 8+23% yearly, after paying overdraft interest of 1%?
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Is it possible for me to deposit 10L as FD, take an overdraft, and lend 8L to my friend at 24% interest? Can I make 8+23% yearly, after paying overdraft interest of 1%?
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