Apex Certificate of Deposit

A treasury product which allows the rural/community banks to invest on short-term to earn interest. ACOD is an investment product designed to meet the short-term investment need of the Rural/Community Banks.


Rural/Community Banks which have short-term excess liquidity can invest in ACOD which has the following maturity period: 7 DAYS, 14 DAYS, 28 DAYS, 56 DAYS and 91 DAYS. The product has the flexibility of premature redemption if the rural/community bank requires liquidity to meet cash shortfalls.


Weekly interest rates are sent to the RCBs through the Bank's branches and clearing centers. These rates are very competitive.