Register of Deposit

Answer: The Register of Deposits is a statutory register which every company accepting deposits must keep at its registered office.

It contains separately for each depositor: name, address and PAN, deposit number, amount and date of deposit, duration and due date of repayment, rate of interest and dates of payment of interest, nominee details and particulars of any security. Entries must be made within 7 days of each transaction, and the register must be preserved in good order for at least 8 years from the end of the financial year of the latest entry.