For any investment there are two important factors, risk and returns.

For share
market and Mutual Funds return is more but risk also high. At the same time bank
deposits give medium returns with very low risk. It is a very safe method of
investing if you are very much cautious about risk factors.

Now with increased inflation rate basic interest rates also in the upward trend. So all
private sector and public sector banks are giving better interest rates for fixed and
other deposits compared to last few years. There are many types of bank deposit
schemes available like

Demand Deposit

Here money is not deposited for a specific time period. Investor can withdraw money
at any time. Bank is responsible to return the money on customer’s demand. This
account allows you to demand your money at any time.

Term Deposit

Under this scheme money is deposited for a fixed period of time so it is also called
Fixed Deposit. Investor can withdraw the money only after the time period.
Premature withdrawals are also allowed by paying a penalty. Interest is calculated on
monthly, quarterly or yearly depends on the bank and scheme. Many banks offers
loan or overdraft facility as an added features with fixed deposits. Term deposits is a
safe investment and it is therefore a very good option for conservative, low-risk
investors.

Recurring Deposit

This is another type of fixed deposit in with investor pay a small amount every
month for a specific time period. For example pay Rs.1000/- every month for a
period of 5 years. After 5 years he will get the principle with interest accumulated. A
Recurring Bank Deposit is a good option for regular savings.

Saving Account

This is a kind of demand deposit with limited number of withdrawals during any
specific period. Savings Accounts provides principal security and a modest interest
rate. Now banks also put some restriction on the minimum balance. If customer
don’t maintain the minimum balance customer has to pay a penalty. Now saving
account comes with many features like ATM and Debit Card, Cheque Book, Free
Internet Banking with Bill Pay, Fund Transfer, Prepaid mobile charging, Free
Telephone Banking etc.

Current Account
This is another kind of demands deposit like saving account with unlimited
withdrawals. There are many different Current Accounts available in today. From
specialist young person’s bank accounts to Current Accounts (with overdraft),
Cheque Accounts, Basic Bank Accounts, Student Accounts, Graduate Accounts,
Foreign Currency Accounts and Current Accounts with special offers.

If you are looking for a long term safe investment option then Fixed Deposit is the
best option. If you are a salaried and want to invest a small amount every month
then go for recurring deposit. Since all private sector and nationalized banks follow
the Reserve Bank of rules and regulations it is a very safe method of Investment.

Apart from these basic deposit patterns different bank have different investment
options and criteria. Also interest rate varies from bank to bank. To attract more
customers banks offers different fixed deposit schemes like Tax Saver Fixed deposits,
Fixed deposits with life insurance, health insurance, free credit card, instant loan
facility, pre-approved loans etc

TYPES OF LOAN POLICY

Collection Policies
Loan Policy

Loan requests should include full taxonomic information on the specimens requested
(Order, Family, Subfamily, Tribe, Genus, Species), as well as the borrower's name,
institutional affiliation, mailing address, email address, and phone number. All loans for
student research are made to, and the responsibility of, faculty advisors.

Direct requests to:

Philip D. Perkins
Department of Entomology
Museum of Comparative Zoology
Harvard University
Cambridge, MA 02138

Inquiries about the MCZ collection can be made by telephone 617.495.2464

begin_of_the_skype_highlighting 617.495.2464 end_of_the_skype_highlighti
ng, or by email.

No loans will be shipped during the month of December.

Procedure for Approval of New Loans

Approval for a new loan must be given by a member of the curatorial staff: faculty
curator, curatorial associate, or curatorial assistant. Approval is subject to the
considerations outlined below.
Institutional Affiliation

The borrower must have an affiliation with some research institution. Under no
circumstances will a loan be sent to a home address. Individuals without such affiliation
may borrow only under the condition that they are sponsored by an individual with such
affiliation, and agree to study the material at the sponsor's institution.

Past Loan History

New requests are filled only after past loans are returned, or reasons are given for
granting a loan extension. New additional loans may be granted during the period of an
existing loan if they are an extension of the same project. Loan recipients who fail to
complete and return Outstanding Loan Questionnaire(s) will not be issued new loans.
Requests from individuals with histories of not returning, losing, or breaking specimens
will be rejected on those grounds.

Students/Faculty Sponsors

Loans are not made directly to students. Student borrowers must have a faculty sponsor
who agrees to take full responsibility for the care and safe return of the specimens. The
student must leave the specimens in the custody of their faculty sponsor for safe return in
the event that they leave the University. Delinquent student loans will delay new requests
from other students of the same faculty sponsor.

First-Time Borrowers

Loans to first-time borrowers should be of reasonable size. In the event of a large request,
a part of the material will be loaned in the first shipment. When that material is returned,
additional loans will be granted. No determined specimens will be loaned for use as
synoptic of reference collections. At the discretion of the curator, loans of types to first-
time borrowers may be limited in size. In most cases, a maximum of three (3) primary
types will be loaned to a first-time borrower. More types may be loaned in subsequent
loans, once the borrower has established a pattern of safely and promptly returning types.

Size of the Request

The number of specimens involved should be of reasonable size. In most cases, every
specimen of an entire group (higher taxon) will not be loaned at once; some
representative vouchers from series of identified material will be held in the collection.
For exceptionally large requests, involving hundreds or thousands of specimens, the
researcher is encouraged to either limit the size of the request or visit our Museum
instead. Ernst Mayr grants are available as a possible source of funding for visits.

Primary Types

Requests for primary types (holotypes, lectotypes, neotypes, or syntype series) should be
of a reasonable amount. Loans of primary types, or series, are usually limited to a
maximum of six (6) species. When those are returned, additional types loans will be
made. No new loans will be approved until types from past loans are returned. Types will
normally be loaned for not more than six months. Unique types and entire syntypic series
will ordinarily be loaned only for monographic work. Requests for loan of types should
include type data (number of specimens, localities) as originally published and/or
references to original descriptions. Lack of such information may cause delays in
responding to type loan requests, as many older "types" are in fact syntype series and/or
poorly labeled, and their recognition requires consultation of the original descriptions. All
borrowed types and all holotypes, allotypes and a majority of paratypes newly designated
from MCZ material must be returned promptly, via registered air mail. Any lectotypes or
neotypes should be clearly labeled as such with year and name of designator. Workers
needing to examine type material of twelve (12) or more species are urged to visit the
MCZ if at all possible.

Non-Types

Non-types will normally be loaned for one or two years, depending on the scope of the
project and the number of specimens involved. Subject to approval by the MCZ curatorial
staff, a minority (at most 1/3) of duplicate specimens (from a locality /date series)
identified by the borrower may be retained. We prefer that such retentions be part of an
exchange of equal benefit to the MCZ. All unique specimens must be returned.
Determination labels with determiner's name and date should be placed on the first
specimen of each series and all unique specimens identified during revisionary or other
detailed studies.

Condition of the Specimens

If the curator, curatorial associate, or assistant judges the condition of the requested
specimen to be such that damage is likely to be incurred by shipping, the request will be
rejected on those grounds. This is particularly true in the case of delicate types of
Odonata, Neuroptera, or Lepidoptera, or other specimens with loose abdomens, wings,
legs, or weak pins. In the case of historically important specimens, very old types, or
otherwise rare or unusual specimens, loan requests may be rejected at the discretion of
the curatorial staff, on the grounds that the specimen(s) is (are) too valuable to be trusted
to the mail. In the case of such specimens, the researcher should be encouraged to visit
our Museum. Ernst Mayr grants are a possible source of funding for such a visit.

Loan Extensions

Loan extensions are negotiable on an individual basis. As long as there have been no
other requests for the material, extensions are usually granted while the researcher is
actively working on the project.

Publication of Results

The borrower should acknowledge the loan in any paper based on study of the borrowed
material, and send a copy of the paper to the MCZ Entomology Department. Workers
designating holotypes from MCZ material are encouraged to publish the MCZ type
number with their type designation; these numbers will be supplied on request.

Change of Address

It is the responsibility of the borrower to inform the MCZ curatorial staff in a timely
manner of any change of address. Borrowed specimens should not be moved to a new
collection or location until permission for the transfer is granted by the MCZ curatorial
staff.

Loan Transfers

Borrowed specimens should not be loaned secondarily or transferred to the care of other
researchers unless written permission for the transfer is granted by the MCZ curatorial
staff.

Care of Specimens

All borrowed specimens should be kept in units, boxes, or drawers that are clearly
marked to indicate that they are property of the MCZ collection. If, during the course of
study, MCZ specimens are mixed with specimens from other collections, then the MCZ
specimens should be affixed with individual labels to indicate that they are property of
the MCZ collection. Labels will be supplied on request. The borrower takes full
responsibility for care of specimens; they should be protected from breakage, dust, and
museum pests.

Dissections

Dissection of specimens is permitted for revisionary, monographic, or morphological

research; however, it is preferable to use duplicate material whenever possible. Dissected
parts must always be returned with the remainder of the specimen, either in microvials,
card or point mounted, or mounted on microslides in permanent mounting media. In the
case of specimens preserved in fluid, dissected parts should be placed in tiny vials, cotton
stoppered, within larger containers with the remainder of the specimen. If parts of
specimens are separately mounted on glass microslides, these should be clearly cross-
referenced with the remainder of the specimen, and labeled with complete data from the
original specimen. Complete disarticulation or metallic coating for SEM study of an
entire specimen is not permitted unless the specimen is part of a series (3 or more
specimens) with the exact data, and written approval is granted by the MCZ curatorial
staff. Researchers should obtain approval from the MCZ curatorial staff before
conducting dissections that will result in the total destruction of specimens. Types should
be dissected only when necessary to resolve a difficult taxonomic problem. Types may
not be coated for SEM work.

Loan Forms
Loan forms should be promptly signed and returned on receipt of specimens. Any
damage during shipping should be detailed on the form at the time of receipt. By signing
the loan form, the borrower agrees to abide by the rules set forth here.

Loans to Visitors

Visitors are allowed to hand-carry loans of specimens selected during their visit;
however, the loan must first be approved and full information provided to the staff before
any specimens leave the collection. Each visitor should place a marker on the outside
(inside if appropriate) of each drawer from which they remove specimens in order to
enable the curatorial staff to properly replace returned specimens.

Shipment of Returning Specimens

Borrowers are encouraged to return all specimens as soon as possible after the
completion of a project, and before starting new unrelated projects. In the case of very
large loans, partial returns are encouraged as lots of material are studied. Please do not
ship any specimens (types/non-types) during December. A separate cover letter should
give full particulars from the original loan form. Primary types must be pinned in
individual units, plastic wrapped, and sent via registered air mail. Specimens should be
securely pinned, and all heavy specimens or loose parts should be brace-pinned. Packing
materials should be lightweight, and at least two (2) inches of packing material should
surround the specimen box. A shipping label should be placed in the box, in case the
outer label is lost or damaged, together with a copy of the loan form, annotated to
indicate what material is being returned. The outside of the box should be clearly marked:
"Fragile -- Dead Insects for Scientific Research -- No Commercial Value." When a
shipment contains returns from more than one loan, the specimens should be sorted by
loan number and loan numbers indicated by small labels pinned in the unit trays.

Commercial Use of Specimens

Harvard University has strict policies on the use of museum specimens for commercial
purposes. If photographs, figures, reproductions, or detailed data of specimens are to be
used for purposes other than research (i.e., text books, field guides, consulting) the
borrower should contact the MCZ staff for information about Harvard's policies.
Publications resulting from the study of MCZ specimens should properly cite the MCZ
(see also Publications of Results above).