time; *** (bvi) “Deposit Insurance Corporation” means the Deposit Insurance Corporation established under section 3 of the Deposit Insurance Corporation Act, 1961 (47 of 1961); *** *** (bviiia ... target" means the inflation target determined in accordance with sub-section (1) of section 45ZA; (ca) “International Development Association” means the “Association” referred
Section 45ZA in The Banking Regulation Act, 1949
45ZA. Nomination for payment of depositors' money.
(1) Where a deposit is held by a banking company
manner prescribed by rules made by the Central Government under section 45ZA of the Banking Regulation Act, 1949 (10 of 1949), one person ... manner prescribed by rules made by the Central Government under section 45ZA of the Banking Regulation Act, 1949 (10 of 1949). (3) Where the nominee
Section 45ZA in The Reserve Bank of India Act, 1934
45ZA. Inflation target
(1) The Central Government shall, in consultation with the Bank, determine
Section 10 in The Banking Laws (Amendment) Act, 2025
10. Amendment of section 45ZA. In the Banking Regulation Act of 1949, in section 45ZA
section (1) of section 45ZA or sub-section (1) of section 45ZC or sub-section (1) of section 45ZE, the nomination shall be effective only ... this section shall not apply to the nominations made simultaneously in favour of more than one person under sub-section (1) of section 45ZA
