BareLaws
SUBSECTION

Section 17(1)

From: The Reserve Bank of India Act, 1934

(1) the accepting of money on deposit without interest from, and the collection of money for, 9*** the 10[Central Government] , 11[12*** the 13[State] Government 14***] 15*** local authorities, banks and any other persons: 16[(1A) The accepting of money as deposits, repayable with interest, from banks or any other person under the Standing Deposit Facility Scheme, as approved by the Central Board, from time to time, for the purposes of liquidity management;]