{"id":10821,"date":"2023-01-13T17:34:03","date_gmt":"2023-01-13T12:04:03","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=10821"},"modified":"2023-01-16T15:19:04","modified_gmt":"2023-01-16T09:49:04","slug":"certificate-of-deposit","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/","title":{"rendered":"Certificate of Deposit: A Quick Explainer"},"content":{"rendered":"<blockquote class=\"modern-quote\"><p><span style=\"font-weight: 400;\">It was in 1989 that India introduced Certificates of Deposit (CDs) to increase the range of money market instruments in the country and thereby give investors greater flexibility in terms of utilization of their short-term funds.<\/span><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d0b01ed8191\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d0b01ed8191\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#What_is_Certificate_of_Deposit\" >What is Certificate of Deposit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#Features_of_Certificate_of_Deposit\" >Features of Certificate of Deposit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#Advantages_and_Disadvantages_of_Certificate_of_Deposit\" >Advantages and Disadvantages of Certificate of Deposit:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#Different_between_a_Fixed_Deposit_Certificate_of_Deposit\" >Different between a Fixed Deposit &amp; Certificate of Deposit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#When_do_banks_issue_Certificate_of_Deposits_in_India\" >When do banks issue Certificate of Deposits in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#How_are_the_rates_of_Certificate_of_Deposit_determined\" >How are the rates of Certificate of Deposit determined?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#How_to_choose_a_Certificate_of_Deposit\" >How to choose a Certificate of Deposit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/certificate-of-deposit\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Certificate_of_Deposit\"><\/span><strong>What is Certificate of Deposit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you have a certain predetermined amount of money you want to deposit in a bank for a fixed period and the bank pays a certain interest on the amount then that\u00a0 agreement is termed a \u201c Certificate of Deposit.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Certificate of Deposit is <\/span><span style=\"font-weight: 400;\">a promissory note by the bank and is insured by the Federal Deposit Insurance Corporation (FDIC).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Certificate of Deposit (CD) is issued in electronic form, meaning that the CD is held in dematerialised form by the issuer. When the CD matures, the investor then has 7 day grace period to decide what to do with the matured amount. Post maturity, the principal amount and the interest earned will be available for withdrawal.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Features_of_Certificate_of_Deposit\"><\/span><strong>Features of Certificate of Deposit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Let\u2019s have a look at the salient features of a Certificate of Deposit:<\/span><\/p>\n<ul>\n<li><strong>Eligibility:<\/strong> Commercial banks or any other financial institutions which are allowed by RBI can issue CDs to individuals, companies, funds etc. ( Regional Rural Banks and cooperative banks cannot issue these certificates)<\/li>\n<li aria-level=\"1\"><strong>Transferability:<\/strong> Guidelines followed by Demat securities shall be followed while transferring certificates that are in Demat form. Electronic certificates can be transferred via delivery.<\/li>\n<li aria-level=\"1\"><strong>Maturity Period:<\/strong> The maturity period of a Certificate of Deposit issued by commercial banks can range from 7 days to 1 year. Rs. 1 Lakh is the minimum amount to be deposited.<\/li>\n<li aria-level=\"1\"><strong>Availability of Loan:<\/strong> A Certificate of deposit doesn\u2019t have any lock-in period, hence it is unusual for banks to grant loans. It is also not possible for the banks to buy back certificates of deposit before the amount matures. Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) on the issued Certificate of Deposit Rates or prices are something that they should consider.<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span data-offset-key=\"d6smv-15-0\">The<\/span><span data-offset-key=\"d6smv-16-0\"> interest<\/span><span data-offset-key=\"d6smv-17-0\"> earned<\/span><span data-offset-key=\"d6smv-18-0\"> on<\/span><span data-offset-key=\"d6smv-19-0\"> a<\/span><span data-offset-key=\"d6smv-20-0\"> certificate<\/span><span data-offset-key=\"d6smv-21-0\"> of<\/span><span data-offset-key=\"d6smv-22-0\"> deposit<\/span><span data-offset-key=\"d6smv-23-0\"> is<\/span><span data-offset-key=\"d6smv-24-0\"> typically<\/span><span data-offset-key=\"d6smv-25-0\"> considered<\/span><span data-offset-key=\"d6smv-26-0\"> to<\/span><span data-offset-key=\"d6smv-27-0\"> be<\/span><span data-offset-key=\"d6smv-28-0\"> taxable<\/span><span data-offset-key=\"d6smv-29-0\"> income.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">A certificate of deposit cannot be publicly traded.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Advantages_and_Disadvantages_of_Certificate_of_Deposit\"><\/span><strong>Advantages and Disadvantages of Certificate of Deposit:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><strong>Advantages<\/strong><\/td>\n<td><strong>Disadvantages<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">CD is less risky than stocks, bonds or other instruments since the principal amount remains safe<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CD has limited liquidity as withdrawal of any amount which is parked for a preferred duration is only possible by paying a penalty.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">In comparison to savings accounts, CD offers a higher rate of interest and better returns<\/span><\/td>\n<td><span style=\"font-weight: 400;\">If an investor fails to decide what to do with the matured amount, CD rates would be renewed by the banks which can sometimes be lesser.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">An investor is given a grace period of 7 days to decide what to do with the matured amount.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The rate of inflation will not be tied to the interest rates on CD and hence the value of money may decrease with increasing inflation<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Different_between_a_Fixed_Deposit_Certificate_of_Deposit\"><\/span><strong>Different between a Fixed Deposit &amp; Certificate of Deposit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Let\u2019s have a look.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Certificate of Deposit<\/strong><\/td>\n<td><strong>Fixed Deposit<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">A Certificate of Deposit is an agreement with the bank to deposit a certain amount for a fixed period of time. The bank then pays the interest on the amount. The deposited amount will be locked in. This is a freely negotiable investment.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">On the other hand, a Fixed Deposit FD is a type of investment option provided by banks and other non-banking financial companies. This instrument provides a higher interest rate to the investor than the normal savings account. This cannot be negotiated freely.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">While Certificates of Deposit offer high-interest rates and are low-risk investments<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Fixed Deposits are safe investments but are prone to inflation risks.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Certificates of Deposits carry an early withdrawal penalty risk and hence are not completely liquid.<\/span><\/td>\n<td><span data-offset-key=\"bpp80-23-0\">Interest<\/span><span data-offset-key=\"bpp80-24-0\"> on<\/span><span data-offset-key=\"bpp80-25-0\"> FD<\/span><span data-offset-key=\"bpp80-26-0\">s<\/span><span data-offset-key=\"bpp80-27-0\"> is<\/span><span data-offset-key=\"bpp80-28-0\"> generally<\/span><span data-offset-key=\"bpp80-29-0\"> taxable<\/span><span data-offset-key=\"bpp80-30-0\">,<\/span><span data-offset-key=\"bpp80-31-0\"> although<\/span><span data-offset-key=\"bpp80-32-0\"> some<\/span><span data-offset-key=\"bpp80-33-0\"> FD<\/span><span data-offset-key=\"bpp80-34-0\">s<\/span><span data-offset-key=\"bpp80-35-0\"> may<\/span><span data-offset-key=\"bpp80-36-0\"> be<\/span><span data-offset-key=\"bpp80-37-0\"> eligible<\/span><span data-offset-key=\"bpp80-38-0\"> for<\/span><span data-offset-key=\"bpp80-39-0\"> certain<\/span><span data-offset-key=\"bpp80-40-0\"> tax<\/span><span data-offset-key=\"bpp80-41-0\"> exemptions<\/span><span data-offset-key=\"bpp80-42-0\">.<\/span><span data-offset-key=\"bpp80-43-0\"> Additionally<\/span><span data-offset-key=\"bpp80-44-0\">,<\/span><span data-offset-key=\"bpp80-45-0\"> not<\/span><span data-offset-key=\"bpp80-46-0\"> all<\/span><span data-offset-key=\"bpp80-47-0\"> FD<\/span><span data-offset-key=\"bpp80-48-0\">s<\/span><span data-offset-key=\"bpp80-49-0\"> are<\/span><span data-offset-key=\"bpp80-50-0\"> easily<\/span><span data-offset-key=\"bpp80-51-0\"> liquid<\/span><span data-offset-key=\"bpp80-52-0\">ated<\/span><span data-offset-key=\"bpp80-53-0\">,<\/span><span data-offset-key=\"bpp80-54-0\"> depending<\/span><span data-offset-key=\"bpp80-55-0\"> on<\/span><span data-offset-key=\"bpp80-56-0\"> the<\/span><span data-offset-key=\"bpp80-57-0\"> financial<\/span><span data-offset-key=\"bpp80-58-0\"> institution<\/span><span data-offset-key=\"bpp80-59-0\"> and<\/span><span data-offset-key=\"bpp80-60-0\"> the<\/span><span data-offset-key=\"bpp80-61-0\"> terms<\/span><span data-offset-key=\"bpp80-62-0\"> of<\/span><span data-offset-key=\"bpp80-63-0\"> the<\/span><span data-offset-key=\"bpp80-64-0\"> FD<\/span><span data-offset-key=\"bpp80-65-0\">.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"When_do_banks_issue_Certificate_of_Deposits_in_India\"><\/span><strong>When do banks issue Certificate of Deposits in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Certificates of deposit carry high risks and there are times when some banks issue a CD more likely than other banks. There are two factors:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the case of both low deposit growth and high demand for credit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When there are stiff liquidity conditions in the market signifying that cash is tied up in non-liquid assets.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_are_the_rates_of_Certificate_of_Deposit_determined\"><\/span><strong>How are the rates of Certificate of Deposit determined?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Certificate of Deposit interest rates is generally determined by the following three factors:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Period of the Certificate of Deposit: <\/b><span style=\"font-weight: 400;\">The maturity duration of the Certificate of Deposit is the most important factor that determines the rate of interest. The longer duration generally results in higher interest.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Current Rate of Interest:<\/b><span style=\"font-weight: 400;\"> It is always crucial to check the current rate of interest as the Reserve Bank of India (RBI) regulates and changes the interest rate of a Certificate of Deposit (CD) at certain intervals.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Expected Rate of Returns: <\/b><span style=\"font-weight: 400;\">This is another important factor that determines the Certificate of Deposit interest rates. Check which bank can provide the highest return on your deposited money. You can also seek an expert\u2019s help on this.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_choose_a_Certificate_of_Deposit\"><\/span><strong>How to choose a Certificate of Deposit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The time you are investing the amount is directly proportional to the interest rate. Here are a few ways you can choose your Certificate of Deposit<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An investor makes the decision of determining the period they are going to leave the money untouched. Post this they can start looking out for providers who offer higher rates of interest in that time frame.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the interest rate is expected to rise in the future, one can consider shorter tenure so as to renew it at a higher rate of interest. The invested money is safe from fluctuations in the interest rate.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For a better interest rate, choose a longer time frame for a Certificate of Deposit if the interest rate expects a rise or decline in the future.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">From choosing CD to opting for the right business banking solution, the journey has never been a cakewalk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But today <\/span><span style=\"font-weight: 400;\">banking has faced prominent evolution. From traditional banking to neo-banking the evolution of the fintech space has had a significant impact on businesses today.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Neobanking: Neobanks are new-age banks without any physical location, present entirely online. They provide digital, mobile-first financial solutions for payments, money transfers, lending, and more.\u00a0<\/span><\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_certificate_of_deposit&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Explore RazorpayX<\/a><\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Neobanks have taken business banking by storm since they make their daily financial operations seamless and automated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><a title=\"What is Fintech? Meaning and Evolution\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/fintech-meaning-evolution-outcome\/\" data-schema-attribute=\"\"> What is <span style=\"font-weight: 400;\">Fintech? Meaning and Evolution<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">New-age Business Banking in the same way has helped shape the financial operations of businesses today significantly.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">One-stop banking solutions platforms like<\/span><a href=\"https:\/\/razorpay.com\/x\/current-accounts\/\"><span style=\"font-weight: 400;\"> RazorpayX<\/span><\/a><span style=\"font-weight: 400;\"> allow business owners to open<\/span><a href=\"https:\/\/razorpay.com\/x\/current-accounts\/?utm_source=direct&amp;utm_medium=website\"><span style=\"font-weight: 400;\"> current accounts<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><a href=\"https:\/\/razorpay.com\/x\/tax-payments\/\"><span style=\"font-weight: 400;\"> pay taxes<\/span><\/a><span style=\"font-weight: 400;\">, schedule payments,<\/span><a href=\"https:\/\/razorpay.com\/x\/vendor-payments\/\"><span style=\"font-weight: 400;\"> pay vendors<\/span><\/a><span style=\"font-weight: 400;\"> seamlessly and check invoices from a single dashboard. This saves valuable time and effort.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is an accounting and banking platform that fills the gap between advanced banking solutions and finance professionals. It allows easy accounting software integration.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">With<\/span><a href=\"https:\/\/razorpay.com\/payroll\/\"><span style=\"font-weight: 400;\"> RazorpayX Payroll<\/span><\/a><span style=\"font-weight: 400;\">, businesses can automate salary payments and provide insurance policies to their employees.<\/span><\/li>\n<\/ul>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/current-accounts\/?r=blog_cta_business_banking_certificate_of_deposit&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Explore RazorpayX-powered Current Account<\/a><\/div>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"rank-math-rich-snippet-wrapper\"><div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-1\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is a Certificate of Deposit?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>If you have a certain predetermined amount of money you want to deposit in a bank for a fixed period and the bank pays a certain interest on the amount then that\u00a0 agreement is termed a \u201c Certificate of Deposit.\u201d\u00a0<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-2\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the difference between CD and FD?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>FDs provide a range of duration of investment i.e short term investment to ten years. Whereas CDs have a maximum tenure of 12 months and hence the period of investment will be limited.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-3\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Does CD earn interest?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The interest earned by your CD will also earn interest, hence stating that CDs usually pay compound interest daily or monthly.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It was in 1989 that India introduced Certificates of Deposit (CDs) to increase the range of money market instruments in the country and thereby give investors greater flexibility in terms of utilization of their short-term funds. What is Certificate of Deposit? If you have a certain predetermined amount of money you want to deposit in<\/p>\n","protected":false},"author":102,"featured_media":10825,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-10821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/10821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=10821"}],"version-history":[{"count":0,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/10821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/10825"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=10821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=10821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=10821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}