Economy, asked by kayakrissane2859, 1 year ago

Banking definition according to banking regulation act

Answers

Answered by cuteeeangel

Hey friend....

Here is your answer...

As per Section 5(b) of the Banking Regulation Act, 1949 , "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand and withdrawable by cheque etc.

HOPE that it will help you...

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