Deposit-linked insurance scheme prescribes employee coverage, fund investment, nominations and bank-payment safeguards and eligibility criteria. Insertion of a new Third Schedule establishes a Deposit-Linked Insurance Scheme setting covered employees; accounts and investment rules for the Insurance Fund; required employee particulars; nomination and variation procedures; registers and identity devices; scales of insurance amount (between a three year average balance and a specified maximum); minimum average balance eligibility; and mandatory bank-deposit payment procedures, with a provision for other necessary implementation matters.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deposit-linked insurance scheme prescribes employee coverage, fund investment, nominations and bank-payment safeguards and eligibility criteria.
Insertion of a new Third Schedule establishes a Deposit-Linked Insurance Scheme setting covered employees; accounts and investment rules for the Insurance Fund; required employee particulars; nomination and variation procedures; registers and identity devices; scales of insurance amount (between a three year average balance and a specified maximum); minimum average balance eligibility; and mandatory bank-deposit payment procedures, with a provision for other necessary implementation matters.
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