National Bank for Agriculture and Rural Development Act : Deposits and investments. Indian Bare Acts :

National Bank for Agriculture and Rural Development Act,1981

Act No : 61

Section : Deposits and investments.

40. Deposits and investments.- The National Bank may invest its funds in promissory notes, stocks or securities of the Central Government or keep the moneys deposited with the Reserve Bank or with any agency of the Reserve Bank or, in consultation with the Reserve Bank, with a State co-operative bank or a scheduled bank.