Scheduled Bank definition

Scheduled Bank means a bank included in the second schedule to the Reserve Bank of India Act, 1934, or modification thereto.

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Scheduled Bank means a bank for the time being included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934);

Scheduled Bank means the scheduled bank as defined in clause (e) of section 2 of the Reserve Bank of India Act, 1934;

Examples of Scheduled Bank in a sentence

The fee shall be paid in the form of bank demand draft or banker’s cheque of a Scheduled Bank payable in the name of Appellate Authority concerned.
Successful bidder shall have to deposit Performance Guarantee equal to 5% of the tendered cost of buses from Nationalized / Commercial / Scheduled Bank registered in Nepal with Government of Nepal or from Scheduled Bank registered in India with Government of India at the time of award of work.
Deposit each bid shall be accompanied by ▇▇▇▇▇▇▇ Money Deposit (EMD) with the validity of 90 days as in the table below in the form of a account payee bank draft / bank guarantee in favour of "KV BUS FUND ACCOUNT" from Nationalized / Commercial / Scheduled Bank registered in Nepal with Government of Nepal or from Scheduled Bank registered in India.
The bidder shall require to submit the performance security after receipt of award of notification, in the form of irrevocable Bank Guarantee (BG) / or Fixed Deposit Receipt (FDR) issued by any Scheduled Bank for an amount in multiplication of 10,000/- (Rupees Ten Thousand only) per awarded item, subject to maximum Rs. 5,00,000/- (Rupees Five Lakh only).
The Licensee shall submit Financial Bank Guarantee (FBG) separately for each service and service area for the amount as per Annexure-II,initially before signing the License Agreement or subsequent authorization of service(s), as the case may be, valid for one year, from any Scheduled Bank or Public Financial Institution duly authorized to issue such Bank Guarantee, in the prescribed Proforma at Annexure IV of this license agreement.

More Definitions of Scheduled Bank

Scheduled Bank means a bank included in the Second Schedule;

Scheduled Bank means Banks specified in the RBI Act, 1932

Scheduled Bank means a bank which is listed in the Second Schedule of the Reserve Bank of India Act, 1934.

Scheduled Bank means a bank that is a Canadian chartered bank listed on Schedule I to the Bank Act (Canada).

Scheduled Bank means a bank included in the Second Schedule of the RBI Act, 1934.

Scheduled Bank means a bank for the time being included in the list of banks maintained under sub-section (1) of Section 37

Scheduled Bank means “Scheduled commercial Bank”