Para 7 - Authorised banks - Pradhan Mantri Garib Kalyan Deposit Scheme, 2016.

7. Authorised banks .- 1 [(1) Application for the deposit in the form of Bonds Ledger Account shall be received by any banking company, other than Cooperative Banks, to which the Banking Regulation Act, 1949 (10 of 1949) applies.] (2) The authorised bank shall electronically furnish the details of deposit made in Form V to the Department of Revenue, Ministry of Finance, Government of India not later than next working day to enable the Department to verify the information of the deposit before accepting the declaration. (3) The authorised bank shall upload the details of deposit into Reserve Bank of India s core banking solution e-kuber . (4) The Reserve Bank of India and authorised bank shall maintain the confidentiality of the data received in this regard. ******************** Notes:- 1. Substituted vide F. No.3(1)-W M/2016 Dated 19-01-2017, before it was read as, (1) Application for the deposit in the form of Bonds Ledger Account shall be received by any banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies.