IDBI Bank can accept deposits under Capital Gains Account Scheme
CAPITAL GAINS ACCOUNT SCHEME,
1988 – NOTIFIED DEPOSIT OFFICE TO RECEIVE DEPOSITS AND MAINTAIN ACCOUNTS UNDER
THE SAID SCHEME
NOTIFICATION NO.GSR 859(E)[F.NO.225/19/2011-ITAT-
In continuation to the
earlier NotificationNo. G.S.R.
725(E), dated 22-6-1988 (See [1988] 172 ITR (St.) 54), and in pursuance of
clause (e) of paragraph 2 of the Capital Gains Account Scheme, 1988, the Central Government hereby authorises all the branches (except
rural branches) of IDBI Bank Ltd., to receive deposits and maintain accounts
under the said scheme.
Explanation.-For the purpose of this notification, a rural branch, in relation to
the IDBI Bank Ltd., means a branch which is situate and is functioning at a
centre, the population whereof, in accordance with the 2001 census is less than
ten thousand.
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