As per the original Regional Rural Banks Act, 1976, what is the maximum term of office for a director of an RRB, excluding the Chairman?

The Regional Rural Banks Act, 1976 lays down a detailed structure for the Board of Directors of each RRB, which includes a Chairman appointed by the sponsor bank, along with directors nominated by the Central Government, the sponsor bank, NABARD, and the Reserve Bank of India. Under the original Act, the tenure of a director, other than the Chairman, was fixed at a maximum of two years per term, ensuring periodic rotation and fresh representation on the board. This provision was later revised through the Regional Rural Banks (Amendment) Act, 2015, which extended the tenure to three years per term while also capping the total cumulative service of any director at six years across all terms. The amendment additionally introduced shareholder-elected directors, with the number of such directors tied to the proportion of equity capital held by non-government, non-sponsor bank shareholders, ranging from one director for holdings up to 10 percent to three directors for holdings of 25 percent or more. This restructuring became necessary after RRBs were permitted to raise capital from additional sources beyond the Central Government, State Government, and sponsor bank, provided their combined stake remains above 51 percent.