As you are aware, NABARD has already issued
a circular (ref.no. NB.IDD.COOP. (ST) Pol./282/V.20/2004-05 dated July 01, 2004)
regarding charging of depreciation on computers.
2. It is reiterated that all SCBs / DCCBs should
continue to charge depreciation on computers on a straight-line method at the
rate of 33.33 percent per annum. This would enable the banks to replace the
outdated / obsolete computers and related hardware within a period of three
years as in view of the rapid developments in technology, it is likely that
the installed computers and related hardware may become outdated / obsolete
within a short period, needing replacements / upgradations.
3. Please acknowledge receipt of this circular
to our Regional Office concerned.
Yours faithfully,
(K. Bhattacharya)
General Manager