Deduction in respect of interest on deposits in savings account.

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....0TTB)] being an individual or a Hindu undivided family, includes any income by way of interest on deposits (not being time deposits) in a savings account with- (a) a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act); (b) a co-operative society engaged in carrying on the business of b....