Authorized banks: applications for scheme deposits allowed only through banking companies under the Banking Regulation Act, excluding cooperative banks. The substituted clause 7(1) of the Pradhan Mantri Garib Kalyan Deposit Scheme restricts receipt of applications for deposits in the form of Bonds Ledger Account to banking companies, other than cooperative banks, to which the Banking Regulation Act applies.
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Provisions expressly mentioned in the judgment/order text.
Authorized banks: applications for scheme deposits allowed only through banking companies under the Banking Regulation Act, excluding cooperative banks.
The substituted clause 7(1) of the Pradhan Mantri Garib Kalyan Deposit Scheme restricts receipt of applications for deposits in the form of Bonds Ledger Account to banking companies, other than cooperative banks, to which the Banking Regulation Act applies.
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