Question
Minimum amount of Certificate of Deposit isÂ
Solution
Minimum amount of a CD should be Rs.1 lakh , i.e., the minimum deposit that could be accepted from a single subscriber should not be less than Rs.1 lakh , and in multiples of Rs. 1 lakh  thereafter. CDs can be issued to individuals, corporations, companies (including banks and PDs), trusts, funds, associations, etc.Â
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