(1) Where the Corporation has registered any 1[ 2[banking company, Regional Rural Bank] or co-operative bank] as an insured bank, it shall, within thirty days of its registration, send an intimation in writing to the 1[2[banking company, Regional Rural Bank] or co-operative bank] that it has been registered as an insured bank.
(2) Every such intimation shall indicate the manner in which the premium payable by the bank under section 15 may be calculated.
(2) Every such intimation shall indicate the manner in which the premium payable by the bank under section 15 may be calculated.
Source footnotes
1. Subs. by Act 56 of 1968, s. 8, for "banking company" (w.e.f. 1-7-1971).2. Subs. by Act 21 of 1976, s. 33, for "banking company" (w.e.f. 26-9-1975).
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definition.Section 3 · Establishment and incorporation of Deposit Insurance Corporation.Section 4 · Capital of Corporation.Section 5 · Management of Corporation.Section 6 · Board of directors.Section 7 · Meetings of Board.Section 8 · Committees of Corporation.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.