| Parameter | Description |
|---|---|
| Eligibility | Issued by scheduled commercial banks and select All-India Financial Institutions approved by RBI.Regional Rural Banks and Local Area Banks can't issue. |
| Minimum Amount | Rs. 1 lakh from a single subscriber and in multiples of Rs. 1 lakh thereafter. |
| Subscribers | Individuals, corporations, trusts, funds, associations, and NRIs. |
| Maturity for Banks | Minimum 7 days and maximum 1 year. |
| Maturity for FIs | Minimum 1 year and maximum 3 years. |
| Pricing | Issued at a discount on face value. |
| Reserve Requirements | Banks have to maintain CRR and SLR on the issue price. |
| Transferability | Freely transferable. |
| Loans & Buy-back | Banks/FIs cannot grant loans against CDs nor buy-back their own CDs before maturity. |
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