(1) This Act may be called 1[the Deposit Insurance and Credit Guarantee Corporation] Act, 1961.

(2) It extend to the whole of India.

(3) It shall come into force on such date2 as the Central Government may, by notification in the Official Gazette, appoint. 1. Subs. by s. 8, ibid., for "the Deposit Insurance Corporation " (w.e.f. 15-7-1978). 2. 1st January, 1962, vide notification No. G.S.R. 18, dated 28th December, 1961, see Gazette of India, Part II, sec. 3(i).