13C.6
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Renewal of Deposit
The principal amount of the deposit together with the interest accrued thereon from 1st October 1994 will be allowed to be renewed for a further period ranging from 6 months to 3 years. The deposit accounts opened on or after 1st October 1994 may be renewed together with the interest accrued thereon, if desired by the account holder. The deposit account can also be shifted from one bank to another. If, however, the deposit is withdrawn or invested in other schemes, the proceeds thereof will not be eligible for investment under this scheme. A monthly statement in form STAT 9 for the bank as a whole may be forwarded to the Chief General Manager, Exchange Control Department (Central Statistical Division), Reserve Bank of India,. Central Office, Mumbai 400 001 so as to reach him by 10th of the month following the month to which it relates