| Sl. No. | Demand liabilities | Time liabilities |
|---|
| 1 | Demand Liabilities of a bank are liabilities which are payable on demand | Time Liabilities of a bank are those which are payable otherwise than on demand |
| 2 | These include
- Current deposits,
- Demand liabilities portion of savings bank deposits,
- Margins held against letters of credit/guarantees,
- Balances in overdue fixed deposits,
- Cash certificates and cumulative/recurring deposits,
- Outstanding Telegraphic Transfers (TTs),
- Mail Transfers (MTs),
- Demand Drafts (DDs),
- Unclaimed deposits,
- Credit balances in the Cash Credit account and
- Deposits held as security for advances which are payable on demand.
- Money at Call and Short Notice from outside the Banking System should be shown against liability to others.
| These include
- fixed deposits,
- cash certificates,
- cumulative and recurring deposits,
- time liabilities portion of savings bank deposits,
- staff security deposits,
- margin held against letters of credit, if not payable on demand,
- deposits held as securities for advances which are not payable on demand and
Gold deposits.
|
*The average of
the minimum balances maintained in each of the month during the half year
period shall be treated by the bank as the amount representing the "time
liability” portion of the savings bank deposits.