There are very few options for short-term investments in India for retail investors. Certificate of deposit is one of them. Due to the very nature debt instruments covers all short-term investments. With this logic certificate of deposit are debt instruments. The short form of a certificate of deposit, i.e. CD is popular among the investment community in India. However, there is very limited participation of retail investors in the certificate of deposit. This is mainly due to unawareness about the
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