Scheduled Bank definition

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

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 Additional Performance Security shall have to be submitted by the selected L1 bidder after issuance of Letter of Acceptance / Letter of Invitation (LoA/LoI) within next seven working days and before issuance of Award of Contract (AoC) in the form of “Bank Guarantee” of any Scheduled Bank approved by RBI, payable at Kolkata or / in West Bengal, as per specimen format Form-6.

• Annexure “A” Format of Bank Guarantee for 5% Performance Security Performance Security(To be given by a Scheduled Bank in India)............................

• The performance security shall be furnished in the shape of demand Draft only in favour of Chief District Medical Officer, Cuttack, from any Nationalised / Scheduled Bank payable at CUTTACK.

• The contractor is required to furnish Performance Guarantee for an amount equal to 3% of the contract value in the form of bank guarantee / CDR / FDR / DD (of a nationalized / Scheduled Bank in a standard format) within two weeks from the date of issue of award letter.

• I / we agree to furnish to BSNL Deposit at call receipt / FDR / Bank guarantee of a Nationalised / Scheduled Bank for an amount equal to 5% of the contract value in a standard format within two weeks from the date of issue of award letter.

More Definitions of Scheduled Bank

Scheduled Bank means Banks specified in the RBI Act, 1932

Scheduled Bank means a bank included in the Second Schedule;

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 for the time being included in the list of banks maintained under sub-section (1) of Section 37

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 of the State Bank of Pakistan Act, 1956 (Act XXXIII of 1956);