Deposits with religious charitable development funds must have notice periods of a minimum of 31 days, the Australian Prudential Regulation Authority has ruled.APRA has produced a response to submissions to its review of the ADI exemption for religious charitable development funds - a process that dates back to 2013.The funds are let off the hook, keeping their exemption from being authorised as deposit-taking institutions.However, they face tighter requirements covering deposits.APRA said: "The intention in amending the operation of the order relating to RCDFs was to reduce the likelihood that an investor may confuse such an investment with an ADI deposit."APRA remains of the view that unauthorised entities should not offer at-call deposit products or other transactional banking functionality that is typically associated with the product offerings of ADIs."APRA proposes that the new conditions on church funds take effect from 1 January 2017 for new retail investors, and from 1 January 2018 for existing retail investors of any fund at 31 December 2016. It said these conditions were "consistent with those as set out in the August 2013 response paper."An account offered to a retail investor without a stated term would be required to have a minimum 31-day notice period prior to any withdrawal, APRA said."Any account offered to a retail investor with a stated term, that is a term investment, would need to commence with a stated term of at least 31 days. "On maturity of a term investment, a church fund may, where the investor has requested repayment, repay the funds via cash, cheque or direct credit to an account at an ADI. "Where the investor has not requested repayment, the funds would be rolled over into a new investment with a minimum term or notice period of 31 days."APRA allows for swift payment in cases of "genuine investor hardship".These conditions do not relate to funding from wholesale investors or affiliates of a church fund.