In which Bank/Banks one can deposit money in Pradhan

Q: Answer- In which Bank/Banks one can deposit money in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) -

Under PMGKDS application and amount for the deposit in the form of Bond Ledger Account shall be received by any banking company, other than Co-operative Banks, to which the Banking Regulation Act, 1949 10 of 1949 applies Authorised Banks.

Mantri Garib Kalyan Deposit Scheme (PMGKDS) -

A Only in SBI Correct Answer Incorrect Answer

B In all Public Sector Banks Correct Answer Incorrect Answer

C In all banks except RRBs Correct Answer Incorrect Answer

D In all banks except co-operative banks Correct Answer Incorrect Answer

E In all scheduled commercial banks Correct Answer Incorrect Answer

Solution

Under PMGKDS application and amount for the deposit (in the form of Bond Ledger Account) shall be received by any banking company, other than Co-operative Banks, to which the Banking Regulation Act, 1949 (10 of 1949) applies (Authorised Banks).

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