What does MMDC mean? What is the full form of MMDC?
The Full Form of MMDC is Money Multiplier Deposit Certificate.
The MMDC Scheme, as the name indicates is a specially formulated product designed to give the best financial returns on an initial investment. Under MMDC, Central Bank of India aims to increase the deposits of an individual exponentially, utilising the amount to its maximum and offering great growth opportunities.
Eligibility Criteria to avail Money Multiplier Deposit Certificates
The following are eligible to utilise MMDCs.
- Individuals who wish to open an account in their own name
- Joint accounts can be opened and maintained as per the provisions of the bank
- This scheme is open to minors, with the parents or guardians eligible to open an account in the name of a minor
Note: Eligibility for this scheme depends on Central Bank of India and individuals should check with the bank before applying.
MMDC
means
Money Multiplier Deposit Certificate
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