The Warehousing Corporations Act, 1962 · IV — FINANCE, ACCOUNTS AND AUDIT

Section 28. Deposit account

In force · As amended up to 2026-08

28. Deposit account .―All moneys belonging to a Warehousing Corporation shall be deposited in the Reserve Bank or the State Bank[4] [or any nationalised bank] or, subject to any rules made under this Act, in[5] [any other scheduled bank] or co-operative bank.

Source: India Code