Amendment status not verified — confirm the current text below against the official source.
Itshdbe~a~llforthecommitteetodepositatinterestinany of the I[coopererative banks or scheduled banks, as defined in] section 2 of the Reserve Bank of India Act, 1934, or a post office, any surplus funds which may not be required for current charges and to invest such fund in the securities of the Central Government and such other public securities as the State ~ovemment may specify in this behalf.