TAILIEUCHUNG - PUBLISHED IN THE GAZETTE OF INDIA : EXTRAORDINARY, PART II – Sec.3(i)

In practice, a number of other factors are often critical in determining how a parent bank would respond to the realization of such risks independent of the chosen legal form of incorporation. Where the parent’s exposures to the affiliate (either through non-equity funding or revenues) render the host country operations of systemic importance to the health of the parent, extension of capital and liquidity support is equally common to branches and subsidiaries, as not doing so could compromise the survival of the group. During the global financial crisis, Swedish banks provided such support to their Baltic subsidiaries and Austrian and. | UPDATED ON 29th OCTOBER 2004 GSR 490 E - In exercise of the powers conferred by section 15 of the Government Savings Banks Act 1873 5 of 1873 the Central Government hereby makes the following rules namely - 1. Short title and commencement - 1 These rules may be called the Senior Citizens Savings Scheme Rules 2004. 2 They shall come into force on the 2nd day of August 2004. 2. Definitions - In these rules unless the context otherwise requires - a Account means a savings account opened by the depositor in accordance with the provisions of these rules b Act means the Government Savings Banks Act 1873 5 of 1873 c deposit means the money deposited in an account under the provisons of these rules d Depositor means an individual - i who has attained the age of 60 years or above on the date of opening of an account under the provisions of these rules and by whom or on whose behalf money is deposited in an account under these rules or ii who has attained the age of 55 years or more but less than 60 years and who has retired on superannuation or otherwise on the date of opening of an account under these rules subject to the condition that the account is opened by such individual within one month of the date of receipt of the retirement benefits and proof of date of disbursal of such retirement benefit s alongwith a certificate from the employer indicating the fact of retirement on superannuation or otherwise retirement benefits employment held and period of such employment with the employer is attached with the application form in Form-A Provided that the persons who have retired at any time before the commencement of these rules and attained the age of 55 years or more on the date of opening of an account under these rules shall also be eligible to subscribe under the scheme within a period of one month of the date of this notification subject to the fulfilment of other specified conditions Provided further that the retired personnel of Defence Services excluding Civilian

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