Section 7 in KERC (Security Deposit) Regulations, 2007
7. [ Mode of Payment of Security Deposit. [Substituted by Karnataka Notification No. KERC/D/1/17-18, dated 26.12.2017 (w.e.f. 1.10.2007).]
- i. Initial Security Deposit (ISD) shall be paid in the form of cash/demand draft (DD)/Pay order/Banker's Cheque, drawn in favour of the Licensee.ii. Additional Security Deposit (ASD) shall be paid either in electronic mode or in the from of cash/demand draft (DD)/Cheque/Pay order/Banker's Cheque, in favour of the Licensee.]
