आधिकारिक दस्तावेज़ / Official document
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English — official source version
A1961-47.pdf
इस संस्करण को आधिकारिक दस्तावेज़ में पढ़ें। Read this version in its official source document.
Open official source version ↗About this act
- Jurisdiction
- Central
- Enactment date
- 1961-12-07
- Sections available
- 63
Commencement information from the source
01-01-1962
Read the sections
1Short title, extent and commencement.→2Definition.→3Establishment and incorporation of Deposit Insurance Corporation.→4Capital of Corporation.→5Management of Corporation.→6Board of directors.→7Meetings of Board.→8Committees of Corporation.→9Fees and allowances of directors.→10Registration of existing banking companies.→11Registration of new banking companies.→11ARegistration of Regional Rural Banks.→12Registration of defunct banking companies.→13Cancellation of registration.→13ARegistration of co-operative banks.→13BRegistration of defunct co-operative banks.→13CCancellation of registration of co-operative banks.→13DCircumstances in which Reserve Bank may require winding up of co-operative banks.→14Intimation of registration.→15Premium.→15ACancellation of registration of an insured bank for non-payment of premium.→16Liability of Corporation in respect of insured deposits.→17Manner of payment by Corporation in case of winding up of insured banks.→18Manner of payment by corporation in case of scheme of compromise or arrangement or of reconstruction or amalgamation in respect of an insured bank.→18ALiability of Corporation to make interim payment to depositors of insured bank.→19Discharge of the liability of Corporation.→20Provision for unpaid amounts.→21Repayment of the amount to corporation.→21AGuaranteeing of credit facilities and indemnifying credit institutions.→21BCorporation to act as agent of Central Government.→22Funds of Corporation.→23Deposit Insurance Fund.→23ACredit Guarantee Fund.→24General Fund.→25Investment.→25AAmount in one fund may be transferred to the other fund or may be utilised for other purposes.→26Advances by Reserve Bank.→27Advances from General Fund to the Deposit Insurance Fund or Credit Guarantee Fund.→28Preparation of balance-sheet, etc., by corporation.→29Audit.→30Income-tax.→31Reserve Fund.→32Annual accounts and reports.→33Staff of Corporation.→34Returns from insured banks.→35Corporation to have access to records.→36Inspection of insured banks by Reserve Bank.→37Corporation to furnish information to Reserve Bank.→38Reserve Bank to furnish information to Corporation.→39Declaration of fidelity and secrecy.→40Indemnity of directors.→41Defects in appointment not to invalidate acts, etc.→42Protection of action taken under this act.→43Companies Act, 1956 and insurance act, 1938 not to apply.→43APowers of Reserve Bank not to apply to International Financial Services Centre.→44Liquidation of Corporation.→45Power of Central Government to give directions.→46Dispute as to amount of premium.→47Penalties.→48Offences by companies.→49Cognizance and trial of offences.→50Regulation.→51Repealed.→
Schedules
India Code, Government of India. Text fetched 22 Oct 2026. Source metadata reports last modification: 2019-11-29. Check the linked official text and subsequent notifications when applying a provision.