Fund moneys investment rules permit bank deposits, gratuity scheme use, and notified investment compliance for ent amounts. All moneys contributed to the fund, and any income received or accrued by way of interest or otherwise, may be deposited in a Post Office Savings Bank account, a current account or savings account with a scheduled bank, or utilised for contributions under a Group Gratuity Scheme with the Life Insurance Corporation of India or any other insurer. Any amount not so deposited or used must be invested in accordance with the notified investment directions of the Ministry of Finance, as amended from time to time.
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Provisions expressly mentioned in the judgment/order text.
Fund moneys investment rules permit bank deposits, gratuity scheme use, and notified investment compliance for ent amounts.
All moneys contributed to the fund, and any income received or accrued by way of interest or otherwise, may be deposited in a Post Office Savings Bank account, a current account or savings account with a scheduled bank, or utilised for contributions under a Group Gratuity Scheme with the Life Insurance Corporation of India or any other insurer. Any amount not so deposited or used must be invested in accordance with the notified investment directions of the Ministry of Finance, as amended from time to time.
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