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

April 26, 2017bank accounts Banks Departments government savings Scheme

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

1 Answer

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Savings bank account cannot be opened in the name of Government Department/ Government Scheme, excepting in respect of deposits of Government organizations/agencies mentioned in Annexure.