Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can banks open savings bank accounts in the name of Government Departments/Government Scheme?

April 26, 2017bank accounts Banks Departments government savings Scheme

0

Posted

Can banks open savings bank accounts in the name of Government Departments/Government Scheme?

1 Answer

0

Posted

Savings bank account cannot be opened in the name of Government Department/ Government Scheme, excepting in respect of deposits of some Government organizations / agencies for e.g. APMC’S, DPAP, Khadi and village Industries Boards.