Question

In banking companies Gold n sliver comes under which schedule..

Answer 1

Answer:

n addition to banking business, a bank is permitted under Section 6 of the. Banking Regulation Act ... ( e) Maintenance of accounts of the scheduled bank in its banking department and ...... Gold and Silver.

Answer 2

In banking companies, gold and silver come under Schedule 8 of the Banking Regulations Act.

The Banking Regulation Act, 1949 is a regulation in India that controls all financial firms in India. Passed as the Banking Companies Act 1949, it came into power on 16 March 1949. At first, the law was only applicable in banking companies. Yet, in 1965, it was revised to make it pertinent to agreeable banks and to present different changes.