Section 25

Investment.

The Deposit Insurance and Credit Guarantee Corporation Act, 1961

  • Act 47 of 1961
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to provide for the establishment of a corporation for the purpose of insurance of deposits and guaranteeing of credit facilities and for other matters connected therewith or incidental thereto.

All sections
    All moneys belonging to the Deposit Insurance Fund 1[or the Credit Guarantee Fund] or the General Fund which may not for the time being be required by the Corporation shall be invested in promissory notes, stock or securities of the Central Government and all other moneys shall be deposited with the Reserve Bank.

Notes

1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

Scroll to Top