Reserve Bank of India approves Bank of Rajasthan Merger with ICICI Bank - Click Amalgamation for Details

Certificate of Deposits

Scheme for deploying surplus funds at market driven rates of interest.

Eligibility All individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. Non-resident Indian may also subscribe only on re-partriable, and non-transferable basis in the secondary market
Amount Min. Rs. 5.00 lacs & further in multiples of Rs. 1.00 lacs. Issued at discounted price.
Period 3 months to 12 months
Interest Mutually agreed rates of interest.
Tax Deduction at Source Not Applicable
Transferability Option Tranferable by endorsement & delivery after 15 days of issue.
Other facilities Loan / premature payment is not allowed. Stamp duty borne by the bank.