Certificates of Deposit - ଆରବିଆଇ - Reserve Bank of India
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.