Deposit repayment reserve requirement ensures companies maintain earmarked liquid assets for deposit repayment obligations annually. Companies accepting deposits must, by 30 April each year, deposit a specified sum with a scheduled bank as a deposit repayment reserve to be used solely ... Summary
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Companies accepting deposits must, by 30 April each year, deposit a specified sum with a scheduled bank as a deposit repayment reserve to be used solely for repayment of deposits, and the balance of that deposit must not at any time fall below twenty per cent of deposits maturing during the financial year.
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