An institutional deposits corporation (IDC) is a type of money market account that is offered by some banks and financial institutions. This account is typically only available to large organizations, such as businesses, corporations, and other institutions.
The main benefit of an IDC account is that it offers a higher interest rate than a regular savings account. This can help organizations earn more on their deposits and grow their money more quickly. Additionally, IDC accounts often have higher minimum deposit requirements than regular savings accounts, which can help to protect the bank's deposits from withdrawals.
However, there are some risks associated with IDC accounts. For example, if the interest rate on the account rises faster than the rate of inflation, the purchasing power of the account's deposits may decline. Additionally, if the bank or financial institution offering the account fails, the account holder may lose some or all of their deposits.
Overall, an IDC account can be a good option for organizations that want to earn a higher return on their deposits and are willing to accept the risks involved.
What is direct plan and regular plan?
A direct plan is a type of investment plan offered by some mutual fund companies in which investors can directly purchase shares from the company, without going through a broker. This type of arrangement typically has lower fees than a regular investment plan, since the middleman is cut out of the equation.
A regular plan, on the other hand, is the more traditional type of investment plan in which investors purchase shares from a broker. While the fees associated with regular plans are typically higher than those associated with direct plans, some investors may prefer the convenience of working with a broker. What is Dsra account? A Dsra account is a money market account that is offered by banks and other financial institutions. This type of account typically pays a higher interest rate than a traditional savings account, but there may be some restrictions on withdrawals. What is excluded from IDC? An IDC typically excludes any fees associated with the account, as well as any minimum balance requirements. Additionally, an IDC may also exclude certain types of transactions, such as wire transfers or check writing.
What is Ria code in mutual funds? A Ria code is a code that is used by mutual fund companies to identify a particular mutual fund. Each mutual fund company has its own code system, and the codes are usually assigned by the company's marketing department. The code is used to track the performance of the fund and to identify the fund in marketing materials. Who is the founder of IDC? The founder of IDC is a man named Sam Walton. He started the company in 1962 and it has grown into a multinational corporation since then.