A CD can be issued by any All-India Financial Institution or Scheduled Commercial Bank. They are issued at a discount provided at face value. Like a fixed deposit (FD), a CD’s purpose is to ...

The amount at payout is assured from the beginning. A CD can be issued by any All-India Financial Institution or Scheduled Commercial Bank. They are issued at a discount provided on face value.

The Reserve Bank has created a CRILC of commercial banks, all India financial institutions and certain non-banking financial companies with multiple objectives, which, among others, include ...