Which among the following is /are correct regarding the Inter Corporate Deposits in India?
I. ICDs have the minimum maturity period of 14 days and the maximum maturity period of one year.
II. The fixed rate ICDs have a fixed rate of interest.
III. The floating rate ICDs are benchmarked to the LIBOR rate of the previous business day.
1
Both II and III
2
Both I and III
3
Only I
4
Only II
5
All I, II and III