Call/ Notice/ Term Money

Call money market is that part of the national money market where the day to day surplus funds, of banks and primary dealers, are traded in.Call/ Notice/ term money market ranges between one day to 15 days borrowing and considered as highly liquid. Other key feature is that the borrowings are unsecured and the interest rates are very volatile depending on the demand and supply of the short term surplus/ defeciency amongst the interbank players.