Sec : 36 (1) (viia)

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CA Chintan Parikh (Querist)
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24 February 2011 Dear Expert
we want some clarifaction regarding this section

My first query that only rural branch cover or other branch also cover

and other cover than co-operative cover or not

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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24 February 2011 Persons covered under Section 36(1)(viia)-

1. A scheduled Bank
2. A non Scheduled Bank
3. A co-Operative Bank
(Other than a primary agriculture credit society or primary Co-Op agriculture and rural development bank.

All branches are covered.
For rural branches provision prescribed for B&D Debts is 10% whereas for other branches it is 7.5% (max.)

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