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What are inter corporate deposits?

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https://www.meritnation.com/ask-answer/question/explain-inter-corporate-deposits-icd-in-detail/small-business/6662789 

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ICD ar unsecured short term deposits made by one company with another cmpany .these deposited are essentially brokered deposited,which led the involvement of brokers .the rate of interest is higher than that of bank .it is free from legal hassles.

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