Fund moneys investment framework permits bank deposits, insurance-linked use, and residual investment under the specified finance notification. Investment of fund moneys permits contributions, interest, and other accruals to be deposited in a Post Office Savings Bank Account in India or in a ... Summary
Fund moneys investment framework permits bank deposits, insurance-linked use, and residual investment under the specified finance notification.
Investment of fund moneys permits contributions, interest, and other accruals to be deposited in a Post Office Savings Bank Account in India or in a current or savings account with a scheduled bank, or utilised under the insurance and annuity payment mechanism. Any amount not so deposited or utilised must be invested according to the specified Ministry of Finance notification, as amended from time to time.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.