All new customers will be required to complete account-opening formalities, which will include providing satisfactory Identification and address verification documents.

In case of premature payments of fixed deposit a penalty is recovered from the depositor,such that he foregoes 1/4 of the interest (as on the contracted date) for the period the deposit has actually run.

Interest will be paid gross to all non resident account holders who complete the Inland Revenue R105 form to receive interest without tax taken off.

Interest on all deposits of £50,000.00 and over or equivalent will be paid gross to all account holders.

Rates for fixed deposits are quoted on a daily basis and the rates should be ascertained before placing the deposit If no instructions are received on the due dates of the maturity of the deposits the same will be rolled over for a similar period, at the rates prevailing on the date of maturity, and the depositor advised.

Rollover in Fixed Deposits Accounts will generally be permitted half yearly for deposits below £50,000/- (or equivalent in other currencies) and quarterly for amounts of £50,000/- and more (or equivalent in other currencies).