what is aceepting deposit in banking
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As per section of Banking Regulation Act, 1949, “banking” means the accepting the deposits of money from the public for the purpose of lending or investment. The deposits is repayable on demand or otherwise, and withdrawal by cheque, draft, order or other wise.
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November 24, 2019. As per section 5(b) of Banking Regulation Act, 1949, “banking” means the accepting the deposits of money from the public for the purpose of lending or investment. The deposits is repayable on demand or otherwise, and withdrawal by cheque, draft, order or other wise.
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