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Class 12 SP Letter for Repayment of Deposit: Format & Solved Draft (Chapter 8)

Master the official format and scoring guidelines for the Class 12 Secretarial Practice (SP) letter on the Repayment of Deposit on Maturity tailored for the Maharashtra State Board (HSC) Commerce examination. Under Chapter 8 (Correspondence with Depositors), drafting a formal letter informing the depositor about the refund of their principal amount along with the final interest is a highly anticipated practical question in Question 7 (Letter Writing), carrying a direct weightage of 5 marks. Below, you will find the official board exam scenario, step-wise marking breakdown, statutory legal provisions under the Companies Act, 2013, and a textbook-accurate solved model answer.

Statutory Rule (Section 73 & 74, Companies Act 2013): Repayment of deposit implies the return of the principal borrowed amount along with any pending interest to the depositor on the maturity date. A company is legally bound to repay deposits on time. Failure to repay deposits on maturity attracts severe penalties from the National Company Law Tribunal (NCLT), including heavy fines and potential prosecution of the company's officers.

HSC Board Examination Question Scenario

In the HSC examination, this question is typically framed as follows:

"Draft a letter to a depositor regarding the repayment of his / her fixed deposit on maturity, enclosing a Cheque / Demand Draft for the total payable amount."

Official HSC Step-Wise Marking Breakdown (5 Marks)

Examiners evaluate secretarial correspondence based on structural layout and accurate statutory procedures:

Component	Required Exam Content	Marks
Letterhead & Layout	Company Name, Registered Address, 21-digit CIN, Phone, Email, Website, Ref. No., and Date.	1 Mark
Inside Address & Subject	Depositor's Name, Address, concise Subject Line, and formal Salutation.	1 Mark
Body of the Letter	Acknowledgment of discharged FDR, Board resolution, repayment schedule table (Principal + Interest), and banking details.	2 Marks
Sign-off & Enclosures	Complimentary close ("Yours faithfully"), Secretary signature block, and Enclosure (Cheque / Demand Draft).	1 Mark
Total Marks	Question 7 (Attempt Any 2 Letters out of 3 = 10 Marks Total)	5 Marks

Solved Model Answer: Letter for Repayment of Deposit on Maturity

HORIZON TEXTILES LIMITED
Registered Office: 55, Textile Park, Bhiwandi, Thane - 421302.
CIN: L17120MH2012PLC456789
Phone: 02522 - 277889
Email: deposits@horizontextiles.com
Website: www.horizontextiles.com

Ref. No.: HTL/DEP-REP/34/2026-27

Date: 25th November 2026

To,
Mrs. Sunita S. Kulkarni,
22, Lotus Apartments, M.G. Road,
Kalyan (West) - 421301.

Subject: Repayment of Fixed Deposit on Maturity.

Dear Madam,

This is to formally acknowledge the receipt of your original Fixed Deposit Receipt (FDR No. 2045) duly discharged by you along with the application for repayment. Your fixed deposit of ₹ 50,000/- kept with our company for a tenure of 24 months is due for maturity on 30th November 2026.

I am directed by the Board of Directors to inform you that in the Board Meeting held on 15th November 2026, a resolution was passed to repay the matured deposits to the respective depositors.

We are pleased to enclose herewith a Cheque No. 885542 dated 30th November 2026 drawn on HDFC Bank, Bhiwandi Branch, for the total repayment amount due to you. The details of the repayment calculation are set out in the schedule below:

FDR No.	Principal Deposit Amount (₹)	Final Interest Amount (₹)	TDS Deducted (₹)	Net Repayment Amount (₹)
2045	50,000.00	4,250.00	Nil	54,250.00

(Calculation: Principal ₹ 50,000 + Final Interest ₹ 4,250 = Total Payable ₹ 54,250)

Please detach the enclosed cheque and present it to your bankers for encashment. We sincerely thank you for the trust and confidence you have placed in our company and hope for a continued financial association in the future.

Thanking you.

Yours faithfully,
For Horizon Textiles Limited

(Signature)
Ms. Priya Kadam
Company Secretary

Encl: Cheque No. 885542

Examiner's Secret: 3 Critical Points for Scoring Full Marks

Acknowledge the Discharged FDR: A company cannot release the principal amount unless the depositor surrenders the original Fixed Deposit Receipt with their signature across a revenue stamp. You MUST mention the receipt of the "duly discharged" FDR in the very first paragraph.

Clear Arithmetic in Table: The table must clearly separate the Principal Amount and the Final Interest Amount, showing their sum as the Net Repayment Amount.

Mandatory Enclosure Line: Always write Encl: Cheque / Demand Draft No. ... at the bottom-left margin, as physical repayment is the core objective of this letter.

Frequently Asked Questions (HSC Board Exam FAQs)

1. What happens if a company fails to repay deposits on maturity?

If a company fails to repay the deposit or part thereof on the maturity date, the depositor can file an application with the National Company Law Tribunal (NCLT). The NCLT can order the company to repay the deposit along with penal interest and impose heavy fines on the defaulting officers.

2. Can a depositor claim premature repayment of their deposit?

Yes, a company may permit premature repayment of deposits at the request of the depositor, subject to certain statutory lock-in periods (usually 6 months) and a penal deduction (usually 1% to 2%) from the agreed rate of interest.

3. Why is a 'discharged' receipt necessary for repayment?

A discharged receipt acts as legal evidence that the depositor has officially relinquished their claim against the company upon receiving the full and final settlement of their dues.

Class 12 SP Letter for Payment of Deposit Interest Electronically (ECS/NEFT)

Master the official format and scoring guidelines for the Class 12 Secretarial Practice (SP) letter on the Payment of Interest on Public Deposit (Electronically via ECS / NEFT) tailored for the Maharashtra State Board (HSC) Commerce examination. Under Chapter 8 (Correspondence with Depositors), drafting an intimation letter regarding the direct electronic bank credit of interest to a depositor is a highly modern and frequently tested question in Question 7 (Letter Writing), carrying a direct weightage of 5 marks. Below, you will find the official board exam scenario, step-wise marking breakdown, statutory tax rules, and a textbook-accurate solved model answer.

Statutory Rule & Secretarial Precaution: Companies are increasingly shifting to the Electronic Clearing Service (ECS) or NEFT/RTGS for bulk interest payments. This method ensures that the net interest (after deducting Tax Deducted at Source - TDS under Section 194A of the Income Tax Act) is credited instantly to the depositor's registered bank account on the exact due date, completely eliminating the risks of postal delays or fraudulent encashment of physical warrants.

HSC Board Examination Question Scenario

In the HSC examination, this question is typically framed as follows:

"Draft a letter to a depositor informing him / her regarding the payment of interest on their fixed deposit electronically through ECS / NEFT."

Official HSC Step-Wise Marking Breakdown (5 Marks)

Examiners evaluate secretarial correspondence based on structural completeness and accurate electronic banking references:

Component	Required Exam Content	Marks
Letterhead & Layout	Company Name, Registered Address, 21-digit CIN, Phone, Email, Website, Ref. No., and Date.	1 Mark
Inside Address & Subject	Depositor's Name, Address, concise Subject Line, and formal Salutation.	1 Mark
Body of the Letter	Reference to ECS mandate, calculation schedule table (with TDS column), and UTR/Bank transfer details.	2 Marks
Sign-off & Subscription	Complimentary close ("Yours faithfully"), Secretary signature block. (No Enclosure).	1 Mark
Total Marks	Question 7 (Attempt Any 2 Letters out of 3 = 10 Marks Total)	5 Marks

Solved Model Answer: Payment of Interest on Deposit (Electronic Mode)

Ref. No.: HTL/DEP-INT/E-24/2026-27

Date: 12th January 2027

To,
Mr. Vikas R. Rane,
Block A-14, Gokuldham Society, Film City Road,
Goregaon (East), Mumbai - 400063.

Subject: Payment of Interest on Fixed Deposit via ECS / NEFT.

Dear Sir,

I am instructed by the Board of Directors to convey to you that the interest on your Fixed Deposit with our company has become due for payment for the financial year ending 31st March 2026.

We are pleased to inform you that in accordance with the electronic clearing mandate registered by you with the company, the net interest amount due to you has been directly remitted to your designated bank account. The detailed calculation of the interest payout is summarized in the schedule below:

FDR No.	Deposit Amount (₹)	Rate of Interest	Gross Interest Amount (₹)	TDS @ 10% (₹)	Net Interest Paid (₹)
3522	1,00,000/-	9.0% p.a.	9,000.00	900.00	8,100.00

(Note: Tax Deducted at Source (TDS) has been deducted as the gross interest amount exceeds the statutory exemption limit.)

The net interest amount of ₹ 8,100/- has been successfully credited to your bank account as per the following transaction details:

Bank Name: HDFC Bank
Branch: Goregaon (East) Branch, Mumbai
Bank Account Number: *******4455
Transaction Reference (UTR) No.: NEFT/HDFC/270112/556677
Date of Credit: 12th January 2027

Kindly verify the credit entry in your bank passbook or account statement. We assure you of our prompt professional services at all times.

Thanking you.

Yours faithfully,
For Horizon Textiles Limited

(Signature)
Ms. Priya Kadam
Company Secretary

Examiner's Secret: 3 Critical Points for Scoring Full Marks

Zero Enclosures: Because the payment is entirely electronic (NEFT/ECS), no physical warrant is attached. Writing an Encl: line by mistake in this letter is a major factual error that will cost you marks!

Include Electronic Evidence: Always list the Bank Name, Account Number (masked for privacy), and a fictional UTR (Unique Transaction Reference) Number in bullet points below the table to make the electronic format look authentic.

The TDS Logic: Remember to calculate TDS (usually 10%) on the gross interest and explicitly subtract it to arrive at the Net Interest Paid. Show this clearly in the table columns.

Frequently Asked Questions (HSC Board Exam FAQs)

1. What are the advantages of paying deposit interest via ECS/NEFT?

Electronic clearing eliminates postal transit delays, completely avoids the risk of lost or stolen warrants, saves printing and administrative costs for the company, and ensures immediate, direct credit to the depositor's bank account.

2. Does the company need shareholder approval at the AGM to pay interest on deposits?

No. Interest on public deposits is a fixed charge against company profits, not an appropriation of profits (like dividends). It is paid based on the prior approval of the Board of Directors, without needing shareholder approval at an AGM.

3. What does UTR stand for in electronic banking?

UTR stands for Unique Transaction Reference. It is an alphanumeric code generated by the banking system to uniquely identify any NEFT or RTGS transaction, serving as legal proof of the fund transfer.

Class 12 SP Letter for Payment of Deposit Interest via Warrant: Solved Draft (Chapter 8)

Master the official format and scoring guidelines for the Class 12 Secretarial Practice (SP) letter on the Payment of Interest on Public Deposit (via Interest Warrant) tailored for the Maharashtra State Board (HSC) Commerce examination. Under Chapter 8 (Correspondence with Depositors), drafting a formal letter dispatching an interest warrant to a depositor is a highly repeated practical question in Question 7 (Letter Writing), carrying a direct weightage of 5 marks. Below, you will find the official board exam scenario, step-wise marking breakdown, statutory tax provisions, and a textbook-accurate solved model answer.

Statutory Rule & Secretarial Precaution: Depositors are unsecured creditors providing short-term capital. Payment of interest on public deposits is a fixed statutory liability that must be discharged periodically (annually or half-yearly) strictly as per the terms agreed upon in the Fixed Deposit Receipt (FDR). If the annual interest exceeds the statutory threshold, the company must deduct Tax Deducted at Source (TDS) under Section 194A of the Income Tax Act before making the payment.

HSC Board Examination Question Scenario

In the HSC examination, this question is typically framed as follows:

"Draft a letter to a depositor informing him / her regarding the payment of interest on their fixed deposit through an Interest Warrant."

Official HSC Step-Wise Marking Breakdown (5 Marks)

Examiners evaluate secretarial correspondence based on structural layout and accurate statutory calculation tables:

Component	Required Exam Content	Marks
Letterhead & Layout	Company Name, Registered Address, 21-digit CIN, Phone, Email, Website, Ref. No., and Date.	1 Mark
Inside Address & Subject	Depositor's Name, Address, concise Subject Line, and formal Salutation.	1 Mark
Body of the Letter	Reference to FDR, interest rate, calculation schedule table (with TDS column), and banking details.	2 Marks
Sign-off & Enclosures	Complimentary close ("Yours faithfully"), Secretary signature block, and Enclosure (Interest Warrant).	1 Mark
Total Marks	Question 7 (Attempt Any 2 Letters out of 3 = 10 Marks Total)	5 Marks

Solved Model Answer: Payment of Interest on Deposit (Warrant Mode)

Ref. No.: HTL/DEP-INT/W-18/2026-27

Date: 12th January 2027

To,
Mr. Vikas R. Rane,
Block A-14, Gokuldham Society, Film City Road,
Goregaon (East), Mumbai - 400063.

Subject: Payment of Interest on Fixed Deposit.

Dear Sir,

I am instructed by the Board of Directors to inform you that the interest on your Fixed Deposit with our company has become due for payment for the financial year ending 31st March 2026.

We are pleased to enclose herewith Interest Warrant No. IW-5088 drawn on HDFC Bank, Goregaon Branch, Mumbai, for the net interest amount due to you. The detailed calculation of the interest payable is set out in the schedule below:

FDR No.	Deposit Amount (₹)	Rate of Interest	Gross Interest Amount (₹)	TDS @ 10% (₹)	Net Interest Payable (₹)	Interest Warrant No.
3522	1,00,000/-	9.0% p.a.	9,000.00	900.00	8,100.00	IW-5088

(Note: Tax Deducted at Source (TDS) has been deducted as the gross interest amount exceeds the statutory exemption limit of ₹ 5,000/- per annum.)

Please detach the enclosed Interest Warrant and present it to your bankers for encashment. The warrant is valid for a period of three months from the date of issue. We thank you for your continued support and trust in our company.

Thanking you.

Yours faithfully,
For Horizon Textiles Limited

(Signature)
Ms. Priya Kadam
Company Secretary

Encl: Interest Warrant No. IW-5088

Examiner's Secret: 3 Critical Points for Scoring Full Marks

Mandatory Enclosure Line: Since the company is sending a physical payment instrument, you MUST write Encl: Interest Warrant No. ... at the bottom-left margin. Forgetting this leads to a mark deduction.

The TDS Column: Showing a TDS deduction (e.g., 10% of ₹ 9,000 = ₹ 900) clearly demonstrates your knowledge of the Income Tax Act rules regarding public deposit interest.

Accuracy of Arithmetic: The math must be flawless. Gross Interest (₹ 9,000) minus TDS (₹ 900) exactly equals the Net Interest Payable (₹ 8,100).

Frequently Asked Questions (HSC Board Exam FAQs)

1. Is the payment of interest on deposits dependent on the company's profits?

No. Interest on public deposits is a fixed financial charge against the company's profits. It must be paid periodically as agreed, regardless of whether the company makes a profit or incurs a loss.

2. When does a company deduct TDS on deposit interest?

As per the Income Tax Act, if the total interest paid or payable to a depositor during a financial year exceeds the statutory limit (e.g., ₹ 5,000), the company must deduct Tax Deducted at Source (TDS) at the applicable rate (usually 10%).

3. Can a depositor avoid TDS deduction?

Yes, if the depositor's total annual income is below the taxable limit, they can submit Form 15G (or Form 15H for senior citizens) to the company in advance, requesting the non-deduction of TDS.

Class 12 SP Letter of Thanks to Depositor: Format & Solved FDR Draft (Chapter 8)

Master the official format and scoring guidelines for the Class 12 Secretarial Practice (SP) letter on Thanks to Depositor for Placing Fixed Deposit tailored for the Maharashtra State Board (HSC) Commerce examination. Under Chapter 8 (Correspondence with Depositors), drafting a courtesy letter acknowledging an investment and enclosing the Fixed Deposit Receipt (FDR) is one of the most frequently asked questions in Question 7 (Letter Writing), carrying a direct weightage of 5 marks. Below, you will find the official board exam scenario, step-wise marking breakdown, statutory guidelines under the Companies Act, 2013, and a textbook-accurate solved model answer.

Statutory Rule (Rule 12, Companies (Acceptance of Deposits) Rules 2014): Every company accepting deposits from the public or members must furnish a Fixed Deposit Receipt (FDR) within 21 days from the date of receipt of money or realization of cheque. The receipt acts as prima facie documentary proof of the debt and must specify the principal amount, tenure, and agreed interest rate.

HSC Board Examination Question Scenario

In the HSC examination, this question is typically framed as follows:

"Draft a letter to a depositor thanking him / her for placing a fixed deposit with the company and enclosing the Fixed Deposit Receipt, citing the resolution passed at the Board Meeting."

Official HSC Step-Wise Marking Breakdown (5 Marks)

Examiners evaluate secretarial correspondence based on structural layout and accurate statutory schedules:

Component	Required Exam Content	Marks
Letterhead & Layout	Company Name, Registered Address, 21-digit CIN, Phone, Email, Website, Ref. No., and Date.	1 Mark
Inside Address & Subject	Depositor Name, Address, concise Subject Line, and formal Salutation.	1 Mark
Body of the Letter	Acknowledgment of application/cheque, Board resolution, deposit schedule table, and goodwill closing.	2 Marks
Sign-off & Enclosure	Complimentary close ("Yours faithfully"), Secretary signature block, and mandatory Enclosure ("Encl: Fixed Deposit Receipt No. ...").	1 Mark
Total Marks	Question 7 (Attempt Any 2 Letters out of 3 = 10 Marks Total)	5 Marks

Solved Model Answer: Letter of Thanks to Depositor

Ref. No.: HTL/DEP/T-09/2026-27

Date: 5th December 2026

To,
Mr. Vikas R. Rane,
Block A-14, Gokuldham Society, Film City Road,
Goregaon (East), Mumbai - 400063.

Subject: Letter of Thanks for Placing Fixed Deposit with the Company.

Dear Sir,

We are grateful to you for expressing your trust and confidence in the financial stability of our company by investing a sum of ₹ 1,00,000/- (Rupees One Lakh Only) under our Fixed Deposit Scheme.

We acknowledge the receipt of your completed deposit application along with Cheque No. 445566 dated 28th November 2026, drawn on HDFC Bank, Goregaon (East) Branch. The Board of Directors, at their meeting held on 2nd December 2026, has formally accepted your deposit on the terms and conditions outlined in the deposit prospectus.

The particulars of your Fixed Deposit are set out in the schedule below:

FDR No.	Amount of Deposit (₹)	Tenure / Period	Rate of Interest	Date of Maturity
3522	1,00,000/-	36 Months	9.0% p.a.	4th December 2029

The Fixed Deposit Receipt (FDR No. 3522) is enclosed herewith. Please verify the details and retain the receipt safely, as it will be required to be surrendered at the time of maturity or renewal. Interest on the deposit will be remitted half-yearly directly to your registered bank account via NEFT / ECS.

We look forward to a long and mutually rewarding association with you and assure you of our prompt services at all times.

Thanking you.

Yours faithfully,
For Horizon Textiles Limited

(Signature)
Ms. Priya Kadam
Company Secretary

Encl: Fixed Deposit Receipt No. 3522

Examiner's Secret: 3 Critical Points for Scoring Full Marks

Mandatory Enclosure Line: Always write Encl: Fixed Deposit Receipt No. ... at the bottom-left margin. Without this enclosure, the letter is legally incomplete.

Statutory 21-Day Gap: Ensure that the date of the letter is within 21 days of the cheque date mentioned in the body (e.g., cheque dated 28th November 2026 and letter dated 5th December 2026 = 7 days gap).

Courteous Goodwill Tone: A depositor is an unsecured creditor providing short-term capital. The tone must be exceptionally polite, appreciative, and reassuring regarding the safety of funds.

Frequently Asked Questions (HSC Board Exam FAQs)

1. Within how many days must an FDR be issued to a depositor?

Under Rule 12 of the Companies (Acceptance of Deposits) Rules, 2014, a company must furnish the Fixed Deposit Receipt to the depositor within 21 days from the date of receipt of the deposit amount or realization of the cheque.

2. Can a company accept public deposits for more than 36 months?

No. Under the Companies Act, 2013, no company can accept or renew any public deposit for a period less than 6 months or more than 36 months.

3. Is the Fixed Deposit Receipt a negotiable instrument?

No. An FDR is a non-transferable and non-negotiable document of title. It serves as legal acknowledgment of the debt owed by the company to the registered depositor.

Class 12 SP Letter for Renewal of Deposit: Format & Solved Specimen (Chapter 8)

Master the official format and scoring guidelines for the Class 12 Secretarial Practice (SP) letter on the Renewal of Fixed Deposit tailored for the Maharashtra State Board (HSC) Commerce examination. Under Chapter 8 (Correspondence with Depositors), drafting a letter confirming the renewal of a public deposit is one of the highest-probability questions in Question 7 (Letter Writing), carrying a direct weightage of 5 marks. Below, you will find the official board exam scenario, step-wise marking breakdown, statutory legal provisions under the Companies Act, 2013, and a textbook-accurate solved model answer.

Statutory Rule (Companies Act 2013 & Deposit Rules 2014): A public deposit can be accepted or renewed for a minimum period of 6 months and a maximum period of 36 months. When a depositor opts for renewal, they must submit a formal renewal application along with the original Fixed Deposit Receipt (FDR) duly discharged. The company must issue and dispatch the new FDR within 21 days of renewal.

HSC Board Examination Question Scenario

In the HSC examination, this question is typically framed as follows:

"Draft a letter to a depositor informing him / her regarding the renewal of a fixed deposit, citing the receipt of the discharged deposit receipt and the resolution passed at the Board Meeting."

Official HSC Step-Wise Marking Breakdown (5 Marks)

Examiners evaluate secretarial correspondence based on structural completeness and statutory compliance:

Component	Required Exam Content	Marks
Letterhead & Layout	Company Name, Registered Address, 21-digit CIN, Phone, Email, Website, Ref. No., and Date.	1 Mark
Inside Address & Subject	Depositor Name, Address, concise Subject Line, and formal Salutation.	1 Mark
Body of the Letter	Acknowledgment of application, surrender of old FDR, Board resolution, renewal table, and courtesy closing.	2 Marks
Sign-off & Enclosure	Complimentary close ("Yours faithfully"), Secretary signature block, and mandatory Enclosure ("Encl: Fixed Deposit Receipt No. ...").	1 Mark
Total Marks	Question 7 (Attempt Any 2 Letters out of 3 = 10 Marks Total)	5 Marks

Solved Model Answer: Letter for Renewal of Fixed Deposit

Ref. No.: HTL/DEP/R-23/2026-27

Date: 20th November 2026

To,
Mrs. Sunita S. Kulkarni,
22, Lotus Apartments, M.G. Road,
Kalyan (West) - 421301.

Subject: Renewal of Fixed Deposit.

Dear Madam,

We gratefully acknowledge the receipt of your application dated 5th November 2026 for the renewal of your Fixed Deposit of ₹ 50,000/- for a further period of two years. We have also received the original Fixed Deposit Receipt (Old FDR No. 2045) duly discharged with your revenue stamp and signature.

I am pleased to inform you that the Board of Directors, at their meeting held on 15th November 2026, has approved your application for the renewal of the said deposit on the existing terms and conditions for a period of 24 months at an interest rate of 8.5% per annum.

The particulars of the renewed deposit are set out in the schedule below:

Old FDR No.	New FDR No.	Deposit Amount (₹)	Tenure	Rate of Interest	Maturity Date
2045	3150	50,000/-	24 Months	8.5% p.a.	19th Nov 2028

The new Fixed Deposit Receipt (FDR No. 3150) is enclosed herewith. Please retain this receipt securely for future correspondence and redemption at maturity. We thank you for your continued trust in our company and assure you of our best administrative services at all times.

Thanking you.

Yours faithfully,
For Horizon Textiles Limited

(Signature)
Ms. Priya Kadam
Company Secretary

Encl: Fixed Deposit Receipt No. 3150

Examiner's Secret: 3 Critical Points for Scoring Full Marks

Old vs. New FDR Numbers: The schedule table MUST contain separate columns for both the Old FDR No. and the New FDR No. to reflect legal replacement.

Discharged Receipt Mention: You must explicitly state in the first paragraph that the original FDR was received "duly discharged" by the depositor.

Mandatory Enclosure Line: Always add Encl: Fixed Deposit Receipt No. ... at the bottom-left. Omitting this attachment costs a vital mark.

Frequently Asked Questions (HSC Board Exam FAQs)

1. What is the statutory time limit within which a company must issue a Deposit Receipt?

Under the Companies Act, 2013, every company must furnish a Fixed Deposit Receipt (FDR) to the depositor within 21 days from the date of receipt of money or realization of cheque/renewal.

2. What does 'duly discharged receipt' mean?

A duly discharged receipt means the depositor has affixed their signature across a revenue stamp on the back of the original deposit receipt, acknowledging that the previous contract has been surrendered for renewal or repayment.

3. What is the minimum and maximum period for which a company can accept or renew public deposits?

Under Section 73 of the Companies Act, 2013, deposits cannot be accepted or renewed for a tenure of less than 6 months or more than 36 months.