Bank - Law Dictionary Search Results
Home Dictionary Name: bank Page: 2Bank Deposit Rate
Bank Deposit Rate, 'bank deposit rate' means the highest of the maximum rates at which interest may be paid on different classes of deposits (other than those maintained in savings account or those maintained by charitable or religious institutions) by different classes of scheduled banks in accordance with the directions given or issued to banking companies generally by the Reserve Bank of India under the Banking Regulation Act, 1949; (10 of 1949). [Additional Emoluments (Compulsory Deposit) Act, 1974 (37 of 1974) s. 2 (d)]...
Bank holidays
Bank holidays. Easter Monday, Whit Monday, the first Monday in August, and the 26th December if a weekday, or if it is a Sunday the 27th, or any day appointed by Order in Council in place of one of these, and any day appointed by Royal Proclama-tion in addition to these, is a statutory bank holiday in England, 34 & 35 Vict. c.17; 38 & 39 Vict. c. 13; 45 & 46 Vict. c. 61. R. S. C. 1883, Ord. LXIV. In 1914 on the occasion of the outbreak of the war with Germany the August Bank Holiday was extended by Proclamation to four days. See HOLIDAY....
Bank Rate
Bank Rate. The minimum rate of discount charged for the time being by the Bank of England for discounting, cashing before due date the bills of certain approved mercantile houses. The bank rate is declared usually once a week....
Bank-book
Bank-book, a small book kept by a bank for a customer, showing the state of his account with it; otherwise termed a 'Pass-book.' A pass-book passing to and from between the bank and a customer is evidence of a stated and settled account, Cunliffe Brooks & Co. v. Blackburn Building Society, (1882) 22 Ch D 61: 9 App Cas 857....
Currency and Bank Notes Acts, 1914 and 1928 (English)
Currency and Bank Notes Acts, 1914 and 1928 (English). The 1914 Act and the Amendment Act, 1914 (4 & 5 Geo. 5 Contract Act, 1872 -. 14, 72), wee passed on the outbreak of the war with Germany, to authorize the issue of currency notes, and to make provision with respect to the note issue of banks. Under these Acts the Tresury issued currency notes for 1l., and 10s. repsectively, thenotes beinglegal tender for a payment of any amount. The 1928 Act (18 & 19 Geo. 5, c. 13), repealed the 1914 Acts (except sub-s. (5) of s. 1 and s. 5 of c. 14, enacting that currency notes are to be deemed banknotes, valuable securities and current coin for certain special purposes such as the Forgery (English) Act, 191, the Larceny Act, 1861, and other offences and the (English) Truck Acts. The 1928 Act transferred the currency note issue to the Bank of England and enated that currency notes should be deemed to be banknotes in all enactments relatingto banknotes. The (English) Gold Standard Act, 1925 (15 & 1...
Defunct co-operative bank
Defunct co-operative bank, means a co-operative bank: (i) which has been prohibited from receiving fresh deposits, or (ii) which has been ordered or directed to be wound up, or (iii) which has transferred all its deposit liabilities in India to any other institution, or (iv) which has ceased to be a Co-operative Bank etc. [Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961), s. 2(ff)]...
Exim bank
Exim bank, means the Export-Import Bank of India established under s. 3. [Export- Import Bank of India Act, 1981 (28 of 1981), s. 2(c)]...
Off Shore Banking Unit
Off Shore Banking Unit, means a branch of a bank located in a Special Economic Zone and which has obtained the permission under clause (a) of sub-s. (1) of s. 23 of the Banking Regulation Act, 1949 (10 of 1949); The Special Economic Zones Act, 2005, s. 2(u)...
Offshore Banking Unit
Offshore Banking Unit, means a branch of a bank located in a Special Economic Zone and which has obtained the permission under clause (a) of sub-s. 91) of s. 23 of the Banking Regulation Act, 1949 (10 of 1949) [Special Economic Zones Act, 2005 ( 28 of 2005) s. 2(u)]...
central bank
central bank see bank ...
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