MINIMUM SIZE OF ISSUE AND DENOMINATIONS :

Minimum amount of a CD should be `1 lakh i.e., the minimum deposit that could be accepted from a single subscriber should not be less than `1 lakh and in the multiples of ` 1 lakh thereafter. CDs can be issued to individuals, corporations, companies, trusts, funds, associations, etc. Non-Resident Indians (NRIs) may also subscribe to CDs, but only on non-repatriable basis which should be clearly stated in the Certificate. Such CDs cannot be endorsed to another NRI in the secondary market.