Bare ActsDeposit Guarantee Scheme, 2000

Section 7

Investment of the Fund.

Amendment status not verified — confirm the current text below against the official source.

The corpus of the fund shall be invested in the District Co-operative Bank as special deposit earning interest at the maximum rate payable by it on fixed deposits. The interest earned on the corpus shall be reinvested in the corpus half-yearly.

Section 7 – Deposit Guarantee Scheme, 2000 | DailyLaw.ai