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# What is a CD? A CD is a fixed term investment with higher interest rates, a minimum size of ₹1 lakh and a maturity of 7 days to 1 year for banks. It is freely transferable without a lock-in period. # What is a Certificate of Deposit? A Certificate of Deposit (CD) is a fixed term investment produ...

# What is a CD? A CD is a fixed term investment with higher interest rates, a minimum size of ₹1 lakh and a maturity of 7 days to 1 year for banks. It is freely transferable without a lock-in period. # What is a Certificate of Deposit? A Certificate of Deposit (CD) is a fixed term investment product offered by financial institutions. CDs generally offer higher interest rates compared to savings accounts but have penalties for an early withdrawal. The minimum size of a CD issue should be ₹1 lakh with a maturity period ranging from 7 days to 1 year for banks. CDs can be issued to various investors and are freely transferable with no lock in period.