Notifications

(7 kb)
Certificates of Deposit

RBI/2004-05/440
Ref.No. MPD.263 /07.01.279/2004-05

April 28, 2005
Vaishakha 8, 1927 (S)

The Chairmen/Chief Executives of
All Scheduled Commercial Banks (excluding RRBs and LABs)

Dear Sirs

Certificates of Deposit

Please refer to paragraph 72 (iii) of the annual policy Statement for the year 2005-06 dated April 28, 2005 (copy of the paragraph enclosed). On a review, the minimum maturity period of certificates of deposit (CDs) has been reduced from 15 days to 7 days with immediate effect.

Yours faithfully

(Deepak Mohanty)
Adviser-in-Charge


Extract from the annual policy Statement for the year 2005-06

72 (iii) Certificates of Deposit

The minimum maturity period of certificates of deposit (CDs) reduced from 15 days to 7 days with immediate effect.



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