Fund Based Services

GSFS offers two products one of which is Liquid Deposit Scheme (LDS) and the second is the Inter Corporate Deposit (ICD). While LDS is generally opted by entities placing their funds for very short tenor of even one day, ICD is preferred by the entities wanting to deploy their funds for a longer tenor.

GSFS is wedded with the task of providing dual advantage of enhancing the returns of the Government of Gujarat entities as well as providing them enough liquidity. The details of both the products as are mentioned below.

Inter Corporate Deposit

GSFS pays interest rate for the different tenors towards the Inter Corporate Deposits placed by various Government of Gujarat entities. The present interest rates offered by GSFS for different tenors are as under:

(W.E.F. 01 May, 2018)
ICD Tenure
ICD Rate

15 days to 90 days

6.50% p.a.

91 days to 180 days

6.75% p.a.

181 days to less than 1 year

7.00% p.a.

1 year to 3 years

7.25% p.a.

Interest to be paid on premature withdrawal of ICD at 0.50% below the rate applicable for the period ICD has remained with GSFS. However, to extend more benefits to GoG entities, in cases of partial premature withdrawals, the remaining principal amount of ICD will continue at the original rate till maturity.

The loan against ICD is provided upto 85% of the ICD amount @ 1% higher than the ICD rate.

# For Repayments, please intimate not later than 2.00 p.m. on prior working day. No repayment on Saturdays.

Liquid Deposit Scheme

This scheme offers the facility of earning interest on funds of very short tenure, even for one day, which otherwise typically earn no interest lying in a current account and there are no other avenues for deployment of such funds.

Under this scheme, an organization can place funds with GSFS even for a day. GSFS parks these funds in money market operations ensuring maximum safety and liquidity. From 10th January, 2017 and onwards, the investor is paid fixed interest @5.50% p.a. on the funds placed by it in the Liquid Deposit Scheme.

# For Repayments, please intimate not later than 2.00 p.m. on prior working day. No fresh placements or repayment on Saturdays.


The preference for deploying funds by GSFS is Government of Gujarat controlled entities at competitive rate, which enhance their competitiveness also.

GSFS provides Financial Assistance to the Government of Gujarat entities in the form of following products:

  1. Inter Corporate Deposit
  2. Line of Credit
  3. Short term and Medium Term Loan

Keeping in view the safety of the funds, the company is investing remaining funds in the money market and with RBI registered primary dealers for very short tenure till it gets the opportunity to cater the need of any Government of Gujarat entity.