Hot favorites of NRI investors - India Millennium Deposits (IMDs) issued in December, 2000 continue to attract NRI attention and investment in secondary market too.
Transferred at handsome premium, the IMDs still offer an attractive yield beating the best interest rates offered by banks on FCNR(B) deposits resulting into a great demand by NRI buyers for sale/transfer by NRI sellers.
Although IMDs issued already got matured on 29-12-2005 we hereby give complete details including after maturity procedure.
