Employees' securities to be deposited in post office savings bank or Scheduled Bank.

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..... mployee in pursuance of his contract of service with the company shall be kept or deposited by the company within fifteen days from the date of deposit (a) in a post office savings bank account, or (b) in a special account to be opened by the company for the purpose in the State Bank of India or in a Scheduled Bank, or (c) where the company itself is a Scheduled Bank, in a spe .....

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