Definitions
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....means deposit account-B mentioned in paragraph 4 of this Scheme; (d) "Act" means the Income-tax Act, 1961 (43 of 1961); ^2[(e) "Deposit Office" means any branch or branch office of- (i) the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955) or of a subsidiary bank as defined in the State Bank of India (Subsid....
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....GB] of this Act; ^4[(fa) "electronic mode" means payment by use of electronic clearing system through a bank account or by way of any of the following modes, namely:-- (a) credit card; (b) debit card; (c) net banking; (d) IMPS (Immediate Payment Service); (e) UPI (Unified Payment Interface); (f) RTGS (Real Time Gross Settlement); ....
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....or of a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), or of a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), authorised by the Central Governmen....
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