Question
What is the minimum denomination for issuing a
Certificate of Deposit (CD) in India?Solution
In India, Certificates of Deposit (CDs) are issued in a minimum denomination of â‚ą5 lakh and in multiples of â‚ą5 lakh thereafter. They are unsecured money market instruments issued by banks and other financial institutions to raise short-term funds.
According to the EY report, by which year is India projected to become the world’s second-largest economy in PPP terms?Â
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Why did Madhya Pradesh introduce the Drone Promotion and Utilisation Policy 2025?
The 12th edition of joint military exercise “Ex Ekuverin” between the Indian Army & the ______ National Defence Force has commenced at Chaubatia, U...
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