Multiple choice

A reversal mortgage loan “BAGHBAN” was launched by

  1. SBI

  2. OBC

  3. PNB

  4. Canara Bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

PNB (Punjab National Bank) launched the 'BAGHBAN' reverse mortgage loan scheme designed specifically for senior citizens. This loan allows elderly homeowners to receive periodic payments against the mortgage of their residential property without requiring repayment during their lifetime. SBI, OBC, and Canara Bank were not the originators of this specific product.

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