disclosure of fixed deposit ( long term ) bank


we have few long term deposit with bank , how to disclose this fixed deposit in schedule VI balance sheet . whether accrued interest on fixed deposit is part of fixed deposit or other current assets. for calculation of CRAR how much risk should be assigned on this assets "0" or 100%.

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Originally posted by :sudipta
" Fixed Deposit is shown in Investment in Scdule VI Balance Sheet format.Accrued interest on investment is shown under Loans & Advances Under the head Current Assets.It is not a part of Fixed Deposit. "



Audit executive

As per schedule VI:

Cash and cash equivalents

(i) Classification shall be made as:

(a) Bank balances;

(b) Cheques, drafts on hand;

(c) Cash balance;

(d) Cash equivalents – short-term, highly liquid investments

that are readily convertible into known amounts of cash

and which are subject to an insignificant risk of changes in


(e) Others (specify nature).

(ii) Earmarked bank balances (e.g. unpaid dividend) shall be

separately stated.

(iii) Balance with banks to the extent held as security against the

borrowings, guarantees, other commitments shall be disclosed


(iv) Repatriation restrictions, if any, in respect of cash and bank

balances shall be separately stated.

(v) Bank deposits with more than 12 months maturity shall be

disclosed separately




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