Clause 130 - Amendment of section 15 - Finance Bill, 2018

130. Amendment of section 15. In section 15 of the principal Act, in sub-section (2),- (i) clause (a) shall be omitted; (ii) for clause (b), the following clause shall be substituted, namely: (b) the conditions as to interest or discount relating to deposits generally, or any class of deposits in particular; ; (iii) for clause (g), the following clause shall be substituted, namely: (g) the fees that may be levied for discharge of any services under this Act; ; (iv) for clause (i), the following clauses shall be substituted, namely: (i) the limit and procedure under clause (a) of sub-section (4) of section 4A; (j) the mode of making deposits, such as physical, electronic or through use of any other tools of communication and information technology; (k) benchmark for interest rates on deposits with a view to ensure financial sustainability of Savings Schemes; (l) amount to be excluded in computing the court fee chargeable under the Court-fees Act, 1870 (7 of 1870) for the purpose of section 8 of the Act; (m) mechanism for redressal of grievances and settlement of disputes; (n) any other matter which is required to be or may be, prescribed. .