Section 10: Interest on Deposits

Banking Regulation (Companies) Rules 1949Central Rules · 1949

(1) No interest shall be payable on cash deposits.

(2) The principal office of the Reserve Bank shall credit, as soon as possible, the current account of the banking company maintained with it with the interest realised on securities, subject to the usual charges.

Where this provision sits

Act	Banking Regulation (Companies) Rules 1949
Section	10
Marginal note	Interest on Deposits
Jurisdiction	Central
Status	In force as published by the source

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