The Presidents/Chief Executives,
All Banks/DFIs.

Dear Sirs/Madam,

CLARIFICATION-DEPOSIT MOBILIZATION SCHEMES

Please refer to BPD Circular Letter No.39 dated 19th October 2004 on the captioned subject.

2. In para 2 lines 6 & 7 the words ‘indicative expected rate of return’ may please be substituted and read as ‘annualized rate of expected return’.

3. All other instructions on the subject shall, however, remain unchanged