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

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

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