Deposits are accepted for a minimum period of 6 months and a maximum period of 120 months. Deposits could however be accepted longer than 120 months in the following cases;
i. Under the orders of the competent court
ii. Where the interests of the minors are involved.
The period of deposit may be extended up to a maximum of 20 years in the case of institutions, Government undertakings, corporate bodies to meet their special needs the creation of sinking fund, amortisation fund, etc. or for individuals for any of their special needs.
Deposits are accepted only for periods which are in multiples of three months.