Social Sciences, asked by duttapalkpa466, 10 months ago

Banking meaning according to indian constitution

Answers

Answered by annprasanth2002

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 or otherwise, and withdrawable by cheque, draft, order or otherwise.

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