Section 352 in The Bombay Provincial Municipal Corporations Act, 1949
352. Transport Manager to receive payments on account of Transport Fund and to lodge them in bank. - All moneys payable to the credit of the Transport Fund shall be received by the Transport Manager and shall be forthwith paid into the Imperial Bank of India, [or any other scheduled bank] [or an approved co-operative bank] to the credit of an account which shall be styled "the account of the City of .... Transport Fund":
Provided that the Transport Manager may, subject to any general or special directions issued by the Transport Committee, retain such balance in cash as may be necessary for the operations of the Transport Undertaking.[Provided further that the amount of money to be paid into an approved co-operative bank shall not exceed such amount as maybe specified by the State Government generally or specially in respect of any approved co-operative bank.]
