SCHEDULE 7

BALANCE WITH BANKS AND MONEY
AT CALL AND SHORT NOTICE

Guidelines of RBI for Compilation of Financial Statements

Balance with banks and money at call and short notice (Schedule 7)

• In India
  
  
• Balance with Banks : Includes all balance with banks in India (including co-operative banks). Balances in current accounts and deposit accounts should be shown separately.
  
  
• in Current Account
  
  
• in other deposits accounts
  
  
• Money at call and short notice : Includes deposits repayable within 15 days notice, lent in the inter-bank call money market.
  
  
• with banks
  
  
• with other institutions
  
  
• Outside India : Includes balance held by foreign branches and balance held by Indian branches of the banks outside India. Balance held with foreign branches by other branches of the bank, should not be shown under this head but should be included in the inter-branch accounts. The amounts held in 'current accounts' and 'deposit accounts' should be shown separately.
  
  
• Current accounts
  
  
• Deposits
  
  
• Money at call and short notice : includes deposits usually classified in foreign currencies as money at call and short notice.