What are non-callable deposits?
What are non-callable deposits? Non-callable fixed deposits simply don't have any lock in period. The amount that an investor invested in this product can't be withdrawn prior to the date of maturity with the exceptions that include Bankruptcy of the account holder, winding up of business, orders by, in the case of death, etc. What is the maximum deposit in non-callable FD? 2 crores (and further in multiple of Rs. 1000). Minimum period - 12 months. Maximum period - 120 months. What are callable deposits? A callable certificate of deposit (CD) is an FDIC-insured CD that contains a call feature...