Deposit account rules, gathered in one place

A current account earns no interest.

named by the words current account · RBI Para 7 · Read it in place

A dead depositor's current account earns the savings rate from the date of death until it is paid out.

named by the words current account · RBI Para 7 · Read it in place

Up to one lakh rupees every savings account gets the same rate. Above that the bank may vary it.

named by the words savings account · RBI Para 8(1) · Read it in place

No term deposit may run for less than seven days.

named by the words term deposit · RBI Para 9(1) · Read it in place

A bulk deposit is a single rupee term deposit of fifteen lakh or more.

named by the words term deposit · RBI Para 5(2) · Read it in place

Every term deposit of one crore or less held by an individual or a family must allow early withdrawal.

named by the words term deposit · RBI Para 9(3) · Read it in place

The bank may pay its own staff one per cent above the card rate.

named by the words term deposit · RBI Para 11 · Read it in place

The bank may run term deposit schemes for resident senior citizens at higher fixed rates.

named by the words term deposit · RBI Para 12 · Read it in place

The senior citizen rate is not available on a deposit standing in the name of a Hindu undivided family.

named by the words term deposit · RBI Para 12 · Read it in place

Money left after a term deposit matures earns the savings rate or the booked rate, whichever is lower.

named by the words savings account · RBI Para 15 · Read it in place

A floating rate term deposit must follow a market benchmark anyone can observe.

named by the words term deposit · RBI Para 16 · Read it in place

Savings interest is credited every quarter, or at longer gaps.

named by the words savings deposit · RBI Para 17 · Read it in place

A savings account frozen by the authorities must still be credited on the usual cycle.

named by the words savings bank account · RBI Para 18 · Read it in place

Splitting a dead depositor's deposit among claimants draws no penalty if the period and the total do not change.

named by the words term deposit · RBI Para 22 · Read it in place

The board must approve the policy on premature withdrawal penalties, including partial ones.

named by the words term deposit · RBI Para 20 · Read it in place

The bank may not mark any lien, direct or indirect, on an NRE savings deposit.

named by the words savings deposit · RBI Para 25 · Read it in place

Where the claimant of a dead depositor's NRE deposit lives in India, the deposit becomes a domestic one on maturity.

named by the words term deposit · RBI Para 27 · Read it in place

A current account earns no interest.

named by the words current account · RBI Para 7 · Read it in place

A dead depositor's current account earns the savings rate from the date of death until it is paid out.

named by the words current account · RBI Para 7 · Read it in place

Up to one lakh rupees every savings account gets the same rate. Above that the bank may vary it.

named by the words savings account · RBI Para 8(1) · Read it in place

No term deposit may run for less than seven days.

named by the words term deposit · RBI Para 9(1) · Read it in place

A bulk deposit is a single rupee term deposit of one crore or more.

named by the words term deposit · RBI Para 5(2) · Read it in place

Every term deposit of one crore or less held by an individual must allow early withdrawal.

named by the words term deposit · RBI Para 9(3) · Read it in place

The bank may pay its own staff one per cent above the card rate.

named by the words term deposit · RBI Para 11 · Read it in place

The bank may run term deposit schemes for resident senior citizens at higher fixed rates.

named by the words term deposit · RBI Para 12 · Read it in place

The senior citizen rate is not available on a deposit standing in the name of a Hindu undivided family.

named by the words term deposit · RBI Para 12 · Read it in place

Money left after a term deposit matures earns the savings rate or the booked rate, whichever is lower.

named by the words savings account · RBI Para 15 · Read it in place

A floating rate term deposit must follow a market benchmark anyone can observe.

named by the words term deposit · RBI Para 16 · Read it in place

Savings interest must be credited every quarter or more often.

named by the words savings deposit · RBI Para 17 · Read it in place

A savings account frozen by the authorities must still be credited on the usual cycle.

named by the words savings bank account · RBI Para 18 · Read it in place

Splitting a dead depositor's deposit among claimants draws no penalty if the period and the total do not change.

named by the words term deposit · RBI Para 23 · Read it in place

The board must approve the policy on premature withdrawal penalties, including partial ones.

named by the words term deposit · RBI Para 21 · Read it in place

The bank may not mark any lien, direct or indirect, on an NRE savings deposit.

named by the words savings deposit · RBI Para 27 · Read it in place

Where the claimant of a dead depositor's NRE deposit lives in India, the deposit becomes a domestic one on maturity.

named by the words term deposit · RBI Para 29 · Read it in place

A current account earns no interest.

named by the words current account · RBI Para 7 · Read it in place

A dead depositor's current account earns the savings rate from the date of death until it is paid out.

named by the words current account · RBI Para 7 · Read it in place

Up to one lakh rupees every savings account gets the same rate. Above that the bank may vary it.

named by the words savings account · RBI Para 8(1) · Read it in place

No term deposit may run for less than seven days.

named by the words term deposit · RBI Para 9(1) · Read it in place

A bulk deposit is a single rupee term deposit of one crore or more.

named by the words term deposit · RBI Para 5(2) · Read it in place

Every term deposit of one crore or less held by an individual must allow early withdrawal.

named by the words term deposit · RBI Para 9(3) · Read it in place

The bank may pay its own staff one per cent above the card rate.

named by the words term deposit · RBI Para 11 · Read it in place

The bank may run term deposit schemes for resident senior citizens at higher fixed rates.

named by the words term deposit · RBI Para 12 · Read it in place

The senior citizen rate is not available on a deposit standing in the name of a Hindu undivided family.

named by the words term deposit · RBI Para 12 · Read it in place

Money left after a term deposit matures earns the savings rate or the booked rate, whichever is lower.

named by the words savings account · RBI Para 15 · Read it in place

A floating rate term deposit must follow a market benchmark anyone can observe.

named by the words term deposit · RBI Para 16 · Read it in place

Savings interest must be credited every quarter or more often.

named by the words savings deposit · RBI Para 17 · Read it in place

A savings account frozen by the authorities must still be credited on the usual cycle.

named by the words savings bank account · RBI Para 18 · Read it in place

Splitting a dead depositor's deposit among claimants draws no penalty if the period and the total do not change.

named by the words term deposit · RBI Para 23 · Read it in place

The board must approve the policy on premature withdrawal penalties, including partial ones.

named by the words term deposit · RBI Para 21 · Read it in place

The bank may not mark any lien, direct or indirect, on an NRE savings deposit.

named by the words savings deposit · RBI Para 27 · Read it in place

Where the claimant of a dead depositor's NRE deposit lives in India, the deposit becomes a domestic one on maturity.

named by the words term deposit · RBI Para 29 · Read it in place

A current account earns no interest.

named by the words current account · RBI Para 7 · Read it in place

A dead depositor's current account earns the savings rate from the date of death until it is paid out.

named by the words current account · RBI Para 7 · Read it in place

Up to one lakh rupees every savings account gets the same rate. Above that the bank may vary it.

named by the words savings account · RBI Para 8(1) · Read it in place

No term deposit may run for less than seven days.

named by the words term deposit · RBI Para 9(1) · Read it in place

A bulk deposit is a single rupee term deposit of three crore or more.

named by the words term deposit · RBI Para 5(2) · Read it in place

Every term deposit of one crore or less held by an individual must allow early withdrawal.

named by the words term deposit · RBI Para 9(3) · Read it in place

The bank may pay its own staff one per cent above the card rate.

named by the words term deposit · RBI Para 11 · Read it in place

The bank may run term deposit schemes for resident senior citizens at higher fixed rates.

named by the words term deposit · RBI Para 12 · Read it in place

The senior citizen rate is not available on a deposit standing in the name of a Hindu undivided family.

named by the words term deposit · RBI Para 12 · Read it in place

Money left after a term deposit matures earns the savings rate or the booked rate, whichever is lower.

named by the words savings account · RBI Para 15 · Read it in place

A floating rate term deposit must follow a market benchmark anyone can observe.

named by the words term deposit · RBI Para 16 · Read it in place

Savings interest must be credited every quarter or more often.

named by the words savings deposit · RBI Para 17 · Read it in place

A savings account frozen by the authorities must still be credited on the usual cycle.

named by the words savings bank account · RBI Para 18 · Read it in place

Splitting a dead depositor's deposit among claimants draws no penalty if the period and the total do not change.

named by the words term deposit · RBI Para 23 · Read it in place

The board must approve the policy on premature withdrawal penalties, including partial ones.

named by the words term deposit · RBI Para 21 · Read it in place

The bank may not mark any lien, direct or indirect, on an NRE savings deposit.

named by the words savings deposit · RBI Para 27 · Read it in place

Where the claimant of a dead depositor's NRE deposit lives in India, the deposit becomes a domestic one on maturity.

named by the words term deposit · RBI Para 29 · Read it in place

The rules cover every domestic rupee current, savings and term deposit account.

named by the words term deposit · RBI Para 5(6) · Read it in place

Banks cannot pay any interest on money kept in current accounts, with narrow exceptions.

named by the words current account · RBI Para 7 · Read it in place

Savings account interest must be worked out on the daily closing balance, not a monthly average.

named by the words Savings account · RBI Para 8(1) · Read it in place

The shortest term deposit a bank can accept is seven days.

named by the words term deposit · RBI Para 9(1) · Read it in place

Individual and HUF term deposits of Rs 1 crore or less must always allow early withdrawal.

named by the words term deposit · RBI Para 9(3) · Read it in place

Banks can design special higher-rate term deposit schemes just for senior citizens.

named by the words term deposit · RBI Para 12 · Read it in place

Interest on savings accounts must reach the customer at least once every quarter.

named by the words savings deposit · RBI Para 17 · Read it in place

Savings accounts frozen by enforcement authorities must keep receiving interest as normal.

named by the words savings bank account · RBI Para 18 · Read it in place

Non-resident external term deposits must run for at least one year.

named by the words term deposit · RBI Para 24(3) · Read it in place

Banks cannot place any lien, direct or indirect, on NRE savings deposits.

named by the words savings deposit · RBI Para 25 · Read it in place

Foreign-currency non-resident deposits can only be booked for one to five years, never longer.

named by the words recurring deposit · RBI Para 29(2) · Read it in place

Deposit ads showing only compounded yield, hiding the real simple interest rate, are banned.

named by the words term deposit · RBI Para 40(4) · Read it in place

A bank cannot grant advances against term deposits held with another bank.

named by the words term deposit · RBI Para 40(7) · Read it in place

The Board, or a Board committee, must approve the bank's premature-withdrawal penalty policy.

named by the words term deposit · RBI Para 20 · Read it in place

A current account earns no interest.

named by the words current account · RBI Para 7 · Read it in place

A dead depositor's current account earns the savings rate from the date of death until it is paid out.

named by the words current account · RBI Para 7 · Read it in place

A current account is a demand deposit that pays no interest and allows withdrawals at will.

named by the words Current Account · RBI Para 5 · Read it in place

Up to one lakh rupees every savings account gets the same rate.

named by the words savings account · RBI Para 8(1) · Read it in place

On any end-of-day balance above one lakh the bank may set a different rate.

named by the words savings bank account · RBI Para 8(1) · Read it in place

The bank may pay its own staff one per cent above the card rate on savings deposits.

named by the words savings deposit · RBI Para 9 · Read it in place

Savings interest must be credited every quarter or more often.

named by the words savings deposit · RBI Para 10 · Read it in place

A savings account frozen by the authorities must still be credited on the usual cycle.

named by the words savings bank account · RBI Para 11 · Read it in place

Outside a current account the bank may not take an interest-free deposit or compensate the depositor indirectly.

named by the words current account · RBI Para 12(4) · Read it in place

Government departments funded by budget allocations may not be given a savings account.

named by the words savings deposit · RBI Para 12(6) · Read it in place

A bank must offer term deposits with a minimum tenor of seven days.

named by the words term deposit · RBI Para 10(1) · Read it in place

Term deposits of ₹1 crore or below held by individuals must allow premature withdrawal.

named by the words term deposit · RBI Para 10(3) · Read it in place

NRE and NRO term deposits of ₹1 crore and below must allow premature withdrawal.

named by the words term deposit · RBI Para 27(3) · Read it in place

Rates on NRE and NRO deposits cannot exceed those on comparable domestic rupee deposits.

named by the words term deposit · RBI Para 27(4) · Read it in place

An NRE deposit closed before one year earns no more than the RFC savings rate.

named by the words savings deposit · RBI Para 27(7) · Read it in place

A bank cannot mark any lien, direct or indirect, against NRE savings deposits.

named by the words savings deposit · RBI Para 28 · Read it in place

A bank cannot accept or renew FCNR(B) deposits for more than five years.

named by the words recurring deposit · RBI Para 32(2) · Read it in place

Interest on savings accounts must be credited even when the account is frozen by authorities.

named by the words savings bank account · RBI Para 19 · Read it in place

The Board must approve a policy on penalties for premature withdrawal of term deposits.

named by the words term deposit · RBI Para 22 · Read it in place

A bank pays no interest on money held in current accounts.

named by the words current account · RBI Para 8 · Read it in place

The Umbrella Limit is built from term deposits, term money, certificates of deposit and commercial paper.

named by the words term deposit · RBI Para 6 · Read it in place

A term deposit must run for at least one year and no more than five years.

named by the words term deposit · RBI Para 7 · Read it in place

Each term deposit must be for at least ₹10,000.

named by the words term deposit · RBI Para 7 · Read it in place

Brokerage on a term deposit may never exceed one per cent of the amount taken in.

named by the words term deposit · RBI Para 7 · Read it in place

A term deposit may not be withdrawn early before it completes one year.

named by the words term deposit · RBI Para 8 · Read it in place

Every term deposit must carry a rating from a SEBI-approved credit rating agency.

named by the words term deposit · RBI Para 10 · Read it in place

An all India financial institution may not lend against its own term deposits without RBI's permission.

named by the words term deposit · RBI Para 11 · Read it in place

A term deposit must be freely transferable between offices of the same bank.

named by the words Term deposit · RBI Para 153(2) · Read it in place

A basic savings account carries the listed facilities free, with no minimum balance.

named by the words savings account · RBI Para 79 · Read it in place

A basic savings account gets a cheque book of at least 25 leaves a year.

named by the words savings account · RBI Para 79(5) · Read it in place

A basic savings account gets at least four free withdrawals in a month.

named by the words savings account · RBI Para 79(8) · Read it in place

Every bank must offer a basic savings bank deposit account as a normal banking service.

named by the words savings bank deposit · RBI Para 42 · Read it in place

A basic savings account carries the listed facilities free, with no minimum balance.

named by the words savings account · RBI Para 42 · Read it in place

A basic savings account gets a cheque book of at least 25 leaves a year.

named by the words savings account · RBI Para 42(5) · Read it in place

A basic savings account gets at least four free withdrawals in a month.

named by the words savings account · RBI Para 42(8) · Read it in place

A term deposit must be freely transferable between offices of the same bank.

named by the words Term deposit · RBI Para 173(2) · Read it in place

A basic savings account carries the listed facilities free, with no minimum balance.

named by the words savings account · RBI Para 85 · Read it in place

A basic savings account gets a cheque book of at least 25 leaves a year.

named by the words savings account · RBI Para 85(5) · Read it in place

A basic savings account gets at least four free withdrawals in a month.

named by the words savings account · RBI Para 85(8) · Read it in place

Credit to stockbrokers against shares, bonds or deposits is prohibited, secured or not.

named by the words fixed deposit · RBI Para 6.6.1 · Read it in place

Staff loans and loans against government paper, deposits or insurance in their own name stay allowed.

named by the words Fixed Deposit · RBI Para 6.1.2 · Read it in place

Advances against another bank's fixed deposit receipts are to be avoided.

named by the words term deposit · RBI Para 6.3 · Read it in place

Meeting the fast-system test also opens a current account and bond-trading membership.

named by the words current account · RBI Para 3.1.3 · Read it in place

An entity only wanting a current account, not full system access, can go straight to RBI's regional office.

named by the words current account · RBI Para 3.1.6 · Read it in place

If RBI bars a member, its current account and bond-trading memberships are decided separately.

named by the words current account · RBI Para 5.4 · Read it in place

A basic savings account carries the listed facilities free, with no minimum balance.

named by the words savings account · RBI Para 65 · Read it in place

A basic savings account gets a cheque book of at least 25 leaves a year.

named by the words savings account · RBI Para 65(5) · Read it in place

A basic savings account gets at least four free withdrawals in a month.

named by the words savings account · RBI Para 65(8) · Read it in place

A basic savings account carries the listed facilities free, with no minimum balance.

named by the words savings account · RBI Para 136 · Read it in place

A basic savings account gets a cheque book of at least 25 leaves a year.

named by the words savings account · RBI Para 136(5) · Read it in place

A basic savings account gets at least four free withdrawals in a month.

named by the words savings account · RBI Para 136(8) · Read it in place

A basic savings account carries the listed facilities free, with no minimum balance.

named by the words savings account · RBI Para 17 · Read it in place

A basic savings account gets a cheque book of at least 25 leaves a year.

named by the words savings account · RBI Para 17(5) · Read it in place

A basic savings account gets at least four free withdrawals in a month.

named by the words savings account · RBI Para 17(8) · Read it in place

A basic savings account carries the listed facilities free, with no minimum balance.

named by the words savings account · RBI Para 85 · Read it in place

A basic savings account gets a cheque book of at least 25 leaves a year.

named by the words savings account · RBI Para 85 · Read it in place

A basic savings account gets at least four free withdrawals in a month.

named by the words savings account · RBI Para 85 · Read it in place

The scheme does not cover any purpose the current account rules prohibit outright.

named by the words Current Account · RBI Para 13 · Read it in place

Where the employer bears the cost, the spending falls outside this scheme and has no limit.

named by the words current account · RBI Para 7(77) · Read it in place

A Diamond Dollar Account must be a non-interest current account.

named by the words current account · RBI Part I §3.4 · Read it in place

FCNR(B) accounts can only be opened as fixed deposits.

named by the words fixed deposit · RBI Part II §5.2 · Read it in place

A primary dealer must have enough funds in its RBI account by 3 pm on settlement day.

named by the words current account · RBI Para 2 · Read it in place

A primary dealer's own transfer form must never bounce for lack of balance in its account.

named by the words Current Account · RBI Para 6 · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words Current Account · RBI Para 5 · Read it in place

A debit card may be issued only to a customer holding a savings or current account.

named by the words Current Account · RBI Para 10 · Read it in place

The bank must split every savings account between a demand liability and a time liability.

named by the words savings account · RBI Para 6(2) · Read it in place

The average of minimum monthly balances over the half year is treated as time liability.

named by the words savings bank deposit · RBI Para 6(2) · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words Current Account · RBI Para 5(14) · Read it in place

Banks can issue debit cards only to customers with a savings or current account.

named by the words Current Account · RBI Para 46 · Read it in place

The bank must split every savings account between a demand liability and a time liability.

named by the words savings account · RBI Para 6(2) · Read it in place

The average of minimum monthly balances over the half year is treated as time liability.

named by the words savings bank deposit · RBI Para 6(2) · Read it in place

A term deposit that has matured is treated as a demand deposit.

named by the words term deposit · RBI Para 5(1) · Read it in place

A deposit under a special scheme is a term deposit unless it is payable on demand.

named by the words term deposit · RBI Para 5(1) · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words Current Account · RBI Para 5(14) · Read it in place

Banks can issue debit cards only to customers with a savings or current account.

named by the words Current Account · RBI Para 46 · Read it in place

The bank must split every savings account between a demand liability and a time liability.

named by the words savings account · RBI Para 6(2) · Read it in place

The average of minimum monthly balances over the half year is treated as time liability.

named by the words savings bank deposit · RBI Para 6(2) · Read it in place

A term deposit that has matured is treated as a demand deposit.

named by the words term deposit · RBI Para 5(1) · Read it in place

A deposit under a special scheme is a term deposit unless it is payable on demand.

named by the words term deposit · RBI Para 5(1) · Read it in place

The bank must split every savings account between a demand liability and a time liability.

named by the words savings account · RBI Para 6(2) · Read it in place

The average of minimum monthly balances over the half year is treated as time liability.

named by the words savings bank deposit · RBI Para 6(2) · Read it in place

A term deposit that has matured is treated as a demand deposit.

named by the words term deposit · RBI Para 5(1) · Read it in place

A deposit under a special scheme is a term deposit unless it is payable on demand.

named by the words term deposit · RBI Para 5(1) · Read it in place

A term deposit that has matured is treated as a demand deposit.

named by the words term deposit · RBI Para 5(2) · Read it in place

A deposit under a special scheme is a term deposit unless it is payable on demand.

named by the words term deposit · RBI Para 5(2) · Read it in place

A Designated Settlement Bank settles members with no current account at RBI.

named by the words current account · RBI Para 2 · Read it in place

An applicant needs an SGL account, a current account and CCIL membership.

named by the words Current account · RBI Para 5 · Read it in place

Deposits held above the allowed amount are set right the way RBI's rules require.

named by the words fixed Deposit · RBI Para 7(2) · Read it in place

The auditor checks that a SEBI-registered agency rated each deposit scheme.

named by the words fixed deposit · RBI Para 7 · Read it in place

A new current account holder must declare his credit facilities at other banks.

named by the words current account · RBI Para 4 · Read it in place

Store and smart card use abroad must stay inside ordinary current-account limits.

named by the words current account · RBI Para 3.4.4 · Read it in place

Banks may offer this joint-holder option on any resident account, even savings accounts.

named by the words savings bank account · RBI Para 3 · Read it in place

Surplus funds may go into a term deposit for up to six months only.

named by the words term deposit · RBI Para 12 · Read it in place

A firm that takes no deposits may seek a licence to sell forex.

named by the words current account · RBI Para 32 · Read it in place

The all India financial institution need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 46(1) · Read it in place

A loan to a director against government securities, insurance policies or deposits is allowed within their full realisable value.

named by the words fixed deposit · RBI Para 4(3) · Read it in place

The bank need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 46(1) · Read it in place

A loan against a term deposit, NSC, KVP or life policy is not treated as bad.

named by the words term deposit · RBI Para 30 · Read it in place

The policy must cover related party lending, property valuation and loan renewal.

named by the words current account · RBI Para 3(2) · Read it in place

This data must never be made a condition of opening the group's savings account.

named by the words Savings Account · RBI Para 13(5) · Read it in place

The bank need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 46(1) · Read it in place

A loan against the bank's own term deposit is left out.

named by the words term deposit · RBI Para 4(1) · Read it in place

Below ₹10 crore of total banking system exposure, current accounts carry no restriction.

named by the words current account · RBI Para 51 · Read it in place

This data must never be made a condition of opening the group's savings account.

named by the words Savings Account · RBI Para 13(5) · Read it in place

A floating rate instrument cannot use the bank's own deposit rate as its benchmark.

named by the words fixed deposit · RBI Para 28 · Read it in place

An income tax officer may seek details of deposits of ₹50,000 or more.

named by the words fixed deposit · RBI Para 45(6) · Read it in place

The bank need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 46(1) · Read it in place

The policy must cover related party lending, property valuation and loan renewal.

named by the words current account · RBI Para 4(2) · Read it in place

This data must never be made a condition of opening the group's savings account.

named by the words Savings Account · RBI Para 13(5) · Read it in place

An income tax officer may seek details of deposits of ₹50,000 or more.

named by the words fixed deposit · RBI Para 56(6) · Read it in place

The bank need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 46(1) · Read it in place

A loan against the bank's own term deposit is left out where a lien exists.

named by the words term deposit · RBI Para 16 · Read it in place

A bank can freely run current or overdraft accounts if banking-system exposure to the customer stays under 10 crore rupees.

named by the words current account · RBI Para 38(5) · Read it in place

This data must never be made a condition of opening the group's savings account.

named by the words Savings Account · RBI Para 13(5) · Read it in place

A debit card may be issued only to a customer holding a savings or current account.

named by the words Current Account · RBI Para 10 · Read it in place

The average of minimum monthly balances over the half year is treated as time liability.

named by the words savings bank deposit · RBI Para 6(2) · Read it in place

An income tax officer may seek details of deposits of ₹50,000 or more.

named by the words fixed deposit · RBI Para 64(6) · Read it in place

The bank need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 47(1) · Read it in place

A debit card may be issued only to a customer holding a savings or current account.

named by the words Current Account · RBI Para 10 · Read it in place

A floating rate instrument cannot use the bank's own deposit rate as its benchmark.

named by the words fixed deposit · RBI Para 13(21) · Read it in place

An income tax officer may seek details of deposits of ₹50,000 or more.

named by the words fixed deposit · RBI Para 56(6) · Read it in place

The bank need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 48(1) · Read it in place

A term deposit counts as fully stable funding only if early withdrawal carries a real penalty.

named by the words Term deposit · RBI Para 214(3) · Read it in place

A loan against the bank's own term deposit is left out where a lien exists.

named by the words term deposit · RBI Para 20 · Read it in place

Below ₹10 crore of total banking system exposure, current accounts carry no restriction.

named by the words current account · RBI Para 77 · Read it in place

This data must never be made a condition of opening the group's savings account.

named by the words Savings Account · RBI Para 13(5) · Read it in place

A debit card is tied to a savings or current account and draws on that account.

named by the words Current Account · RBI Para 5(14) · Read it in place

A floating rate instrument cannot use the bank's own deposit rate as its benchmark.

named by the words fixed deposit · RBI Para 15(21) · Read it in place

The average of minimum monthly balances over the half year is treated as time liability.

named by the words savings bank deposit · RBI Para 6(2) · Read it in place

An income tax officer may seek details of deposits of ₹50,000 or more.

named by the words fixed deposit · RBI Para 57(6) · Read it in place

A term deposit without a compensating exit penalty is treated as carrying early withdrawal risk.

named by the words term deposit · RBI Para 95(5) · Read it in place

The bank need not check every member of a self help group at account opening.

named by the words savings bank account · RBI Para 47(1) · Read it in place

A term deposit counts as fully stable funding only if early withdrawal carries a real penalty.

named by the words Term deposit · RBI Para 221(3) · Read it in place

A bank may freely run a current or OD account when banking-system exposure to the customer is under 10 crore rupees.

named by the words current account · RBI Para 77 · Read it in place

This data must never be made a condition of opening the group's savings account.

named by the words Savings Account · RBI Para 13(5) · Read it in place

Banks can issue debit cards only to customers with a savings or current account.

named by the words Current Account · RBI Para 46 · Read it in place

A floating rate instrument cannot use the bank's own deposit rate as its benchmark.

named by the words fixed deposit · RBI Para 20(22) · Read it in place

The average of minimum monthly balances over the half year is treated as time liability.

named by the words savings bank deposit · RBI Para 6(2) · Read it in place

Eligible collateral spans cash, gold, government paper, small savings certificates, surrender value policies and rated debt.

named by the words fixed deposit · RBI Para 37 · Read it in place

A loan fully covered by the borrower's own term deposit need not be tagged bad.

named by the words term deposit · RBI Para 9 · Read it in place

No one without authority may reach blank cheques, drafts, deposit receipts or signature cards.

named by the words fixed deposit · RBI Para 22 · Read it in place

Operations in new accounts are checked in the initial period for anything unusual.

named by the words savings account · RBI Para 12(3) · Read it in place

No one without authority may reach blank cheques, drafts, deposit receipts or signature cards.

named by the words fixed deposit · RBI Para 21 · Read it in place

No one without authority may reach blank cheques, drafts, deposit receipts or signature cards.

named by the words fixed deposit · RBI Para 31 · Read it in place

No one without authority may reach blank cheques, drafts, deposit receipts or signature cards.

named by the words fixed deposit · RBI Para 37 · Read it in place

New loans may be banned unless fully secured by term deposits or small savings instruments.

named by the words term deposit · RBI Para 2.3 · Read it in place

The bank may also open a current account for that exporter or importer.

named by the words current account · RBI Para 4 · Read it in place