Depreciation rates in case of co-operative banks

Hello all Peers,

I am performing statutory audit of district and state co-operative banks of Uttrakhand. and facing problems in calculation of depreciation. they are charging depreciation at unique rates which i have never seen like 2.5%, 3%, 7.5% etc.

I would like to know is there any rule or guideline issued by RBI / NABARD / Co-operative Society Act/ Banking Regulation Act, with regard to rates of depreciation to be charged for the FY. 2012-13. If yes, please tell me or send me link for that rule/guideline and if not, can I apply Income Tax rates of depreciation for preparing my audit report.

Thanks & Regards

CA. HIMANSHU VERMA

PH: +91-8010374944

Place: Delhi

Depreciation on Fixed Assets
Depreciation is provided for on -
Computers at 33.33%, on straight-line method; additions are depreciated for the full year
irrespective of the date of addition as per RBI guidelines.
7.1.2 Other Fixed assets on written down value method at the rates prescribed by the Income
Tax Act 1961; additions effected before 30th September are depreciated for full year
and additions effected thereafter are depreciated for half year.
7.1.3 Cost of premises is taken composite, wherever it is not possible to segregate the cost of
land from the cost of the superstructure.
7.2 No depreciation is provided on assets sold/disposed of during the year.
7.3 Amount equivalent to depreciation attributable to revalued portion of the assets is
transferred from Revaluation Reserve Account to the Profit & Loss Account.