tailieunhanh - Corporate Office : Gandhinagar : Bangalore – 560 009

The need to pay attention to the possible damage from upside slippage is re-inforced by the observation that, as far as forecasting goes, the MPC is all too human. Groen, Kapetanios and Price (2009) carried out a careful assessment of the Inflation Report forecasts, for the period from Bank of England independence in 1997Q3 up to 2006Q2. They found that the Inflation Report forecast of inflation out-performed nearly all of the range of alternative, purely statistical, models that they examined at one quarter, four quarter and eight quarter horizons. Such a finding is comforting but does not, nevertheless,. | Corporate Office Gandhinagar Bangalore - 560 009 OUR DEPOSIT SCHEMES Savings Deposit Account - Account with easy liquidity Withdrawal through withdrawal slips cheques ATM Cards Students can operate the A c Interest on daily product basis Premium Savings Account CBS branches only - High earnings with easy liquidity Minimum average monthly balance of 10 000 - Balance in excess of 10 000 - gets swept out into fixed deposit for 180 days in units of - As and when there is need for funds in Savings Account the fixed deposit is broken prematurely without any penalty in units of 1000 - and swept into the savings account to the extent of meeting the need. Synd Samanya Savings Bank Account NO FRILLS ACCOUNT Eligibility All individuals Minimum balance Zero Balance Rate of Interest Cash receipt No restrictions Cash withdrawal At Branch Counter - 50 per year No Restrictions for ATM Transaction Cheque book Cheque book will be made available if balance is maintained as per the existing SB account norms Cheque Collection Charges Local - Free Outstation - No charges upto cumulative of 50000 - per year actual postal charges to be paid Above 50000 - per year - normal charges will be levied. Service charge of 10 - per transaction shall be levied if the customer exceeds the stipulated number of transactions in his account. Fixed Deposit Scheme - Regular interest earning Scheme Period of Deposit - 15 days to 120 months minimum period is 7 days for deposits of 1 Crore above Minimum Deposit - 1000 - Vikas Cash Certificate - A money multiplier Minimum amount of Deposit - 1000 - and in multiples of 100 - Period of deposit - 6 months to 120 months Interest compounded every quarter Social Security Deposit - An ideal monthly quarterly income plan Minimum deposit - 1000 - and in multiples of 100 - 2 Period - 1 year to 10 years in completed quarters Monthly interest at discounted value or interest accruing at the end of quarter will be paid Senior Citizen s Security Deposit- A .