Rule 3 - Terms and conditions of acceptance of deposits by companies.

Deposit acceptance limits govern tenure, eligibility, member caps, interest/brokerage ceilings and annual credit rating obligations.

Terms governing acceptance and renewal of deposits require deposits to be repayable not earlier than six months and not later than thirty-six months, subject to a short-term exception capping such deposits at ten per cent of the aggregate of paid-up share capital, free reserves and securities premium account and requiring minimum three months' repayability; quantified caps apply to member and other deposits for different company classes, interest and brokerage are limited to RBI-prescribed maxima, brokerage payments are restricted to authorised procuring agents, unilateral alteration of deposit terms is prohibited, and eligible companies must obtain annual credit ratings and file details in Form DPT-3.