Schedule 3 : Deposits
(A). I. Demand Deposits
i. From Banks
ii. From Others
II. Saving Bank Deposits
III. Term Deposits
i.From Banks
ii. From Others
Total (I+II+III)
(B). (i). Deposits of branches in India
(ii). Deposits of Branches outside India
Comments on Schedule 3 – Deposits Items :
(I). Demand Deposits:
i. From Banks
ii. From Others : Include all bank deposits, repayable on demand, of the non bank sector. Credit balance in overdrafts, cash credit accounts, deposits payable at call, overdue deposits, inoperative current accounts, matured time and term deposits and cash certificates, certificates of deposits etc. are also to be included under this category.
(II). Saving Deposits: Includes all saving bank deposits including inoperative saving bank accounts.
(III). Term Deposits:
i. From Banks: Includes all type of bank deposits from Banks repayable after a specified term.
ii. From Others : Includes all type of deposits of the non –bank sector repayable after a specified term. Fixed deposits, cumulative and recurring deposits, cash certificates, certificates of deposits, annuity deposits, deposits mobilized under various schemes, ordinary staff deposits, foreign currency non residents deposit account etc. are to be included under this category.
(B). i. Deposits of branches in India
ii. Deposits of branches outside India : The total of these two items will agree with the total deposits.
Notes: General
(a) Interest payable on deposits which is accrued but not due should be shown under “Other Liabilities” in schedule 5.
(b) Matured time deposits and cash certificates, etc. should be treated as demand deposits.
(c) Deposit under special schemes should be included under term deposits if they are not payable on demand. When such deposits have matured for payment they should be shown under demand deposits.
(d) Deposits from Banks will include deposits from banking system in India, Cooperative Banks, Foreign banks which may or may not have a presence in India.
Special Consideration :
Unclaimed Deposits: Every banking company is required to submit a return in the prescribed form and manner to Reserve Bank of India at the end of each calendar year of all accounts in India which could not be operated for 10 years. This report is to be submitted within 30 days after the close of each calendar year. In case of fixed deposit, such 10 years are to be reckoned from the date of expiry of fixed period.
Schedule 4 : Borrowings
(I). Borrowings in India :
i. Reserve Bank of India
ii. Other Banks
iii. Other Institution and Agencies
(II). Borrowings Out Side India :
Total (I +II)
Secured Borrowings in I and II
Comments on Schedule 4: Borrowings Items
1. Borrowings In India
i. Reserve Bank of India: Includes borrowings /refinance obtained from Reserve Bank of India.
ii. Other Banks : Includes borrowings/refinance obtained from commercial banks (including cooperative banks)
iii. Other Institutions and Agencies: Includes borrowings/refinance obtained from Industrial Development Bank of India, Ex Im Bank of India, NABARD and other institutions, agencies (Including liability against participation certificates, if any)
2. Borrowings Outside India : It includes borrowings of Indian branches abroad as well borrowings of foreign branches.
Notes : General:
- The total of I and II will agree with the total borrowings shown in the balance sheet.
- Inter office transactions should not be shown as borrowings.
- Funds raised by foreign branches by way of certificates of deposits, notes, bonds etc. should be classified depending upon documentation, as ‘deposit’ or ‘borrowing’ or otherwise.
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