Discuss in brief the types of Inter-corporate Deposit (ICD)
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Types of Inter-corporate Deposit (ICD)
(i) Call Deposits It is a deposit which can be withdrawn by the lender. The annual interest rate is 10%.
(ii) Three Months Deposit It is used to tackle short-term needs of funds such as payment of tax, payment of dividend, etc. The annual interest rate is around 12 %.
(iii) Six Months Deposit It is usually made with first class borrowers. The annual interest rate is around 15%.
## Hope it will help u ##
(i) Call Deposits It is a deposit which can be withdrawn by the lender. The annual interest rate is 10%.
(ii) Three Months Deposit It is used to tackle short-term needs of funds such as payment of tax, payment of dividend, etc. The annual interest rate is around 12 %.
(iii) Six Months Deposit It is usually made with first class borrowers. The annual interest rate is around 15%.
## Hope it will help u ##
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