Section 58(13)(b) in Himachal Pradesh Waqf Rules, 2016
(b)in fixed deposits for a period not exceeding three years in-(i)a Scheduled Bank as defined in the Reverse Bank of India Act, 1934 (2 of 1934); or(ii)The Himachal Pradesh State Co-operative Bank; or(iii)for the purchase or for the first mortgage of immovable property with the previous sanction of the State Government.