Under the Limitation Act, 1963 what is the period of limitation for the following loan documents: Mortgage loans Execution of decree Demand loan Bill discounted Deposit Accounts.

It is the responsibility of lenders to ensure that all loan documents are properly executed and they are all within the required limitation period as per the limitation act: Sr. No. Documents Period of Limitation 1. Loan Under mortgage 12 years from the date of documents' execution/ from the date the money becomes due. 2. Execution of decree 12 years from the date of decree becomes enforceable. 3. Demand loan 3 years from the date of loan. 4. Bill Discounted 3 years from the date of when the bill becomes payable. 5. Deposit Accounts 3 years from the date of deposit become due.