Certificate of Deposits

Axis Bank offers the option to purchase and trade with Certificates of Deposits (CDs) as a part of its Money Market Services. CDs are unsecured, negotiable promissory note issued at a discount to the face value and the tenure for CDs range anywhere between 7 days to 12 months.
Certificates of Deposits attract issuance stamp duty and are usually issued in dematerialised form. Other than this, they are negotiable, and can be transferred by endorsement and delivery, after 15 days of issue. Please contact Axis Bank’s customer care service to learn more about the issuing and trading procedure of Certificates of Deposits.

• CDs are unsecured, negotiable promissory note issued at a discount to the face value
• Tenor is form 7 days to 12 months
• Attracts issuance stamp duty and is usually issued in dematerialised form
• They are negotiable, and transferred by endorsement and delivery, after 15 days of issue
• There is no TDS