Section 34: Returns from insured banks. - (1) Notwithstanding anything contained in the [Banking Regulation Act, 1949 (10 of 1949),] or any other law for the time being in force, the Corporation may at any time direct an insured bank [or a credit institution] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank [or the credit facilities granted by that credit institution, as the case may be,] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act

Q: What does Section 34 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) deal with?

Section 34 DICGC Act pertains to "Returns from insured banks. - (1) Notwithstanding anything contained in the [Banking Regulation Act, 1949 (10 of 1949),] or any other law for the time being in force, the Corporation may at any time direct an insured bank [or a credit institution] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank [or the credit facilities granted by that credit institution, as the case may be,] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act". It is part of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961, a legislation enacted by the Parliament of India. Section 34 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs returns from insured banks. - (1) Notwithstanding anything contained in the [Banking Regulation Act, 1949 (10 of 1949),] or any other law for the time being in force, the Corporation may at any time direct an insured bank [or a credit institution] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank [or the credit facilities granted by that credit institution, as the case may be,] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act. As verified on 19 May 2026.

Q: Is Section 34 DICGC Act still in force?

Yes, Section 34 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961 is currently in force across the Republic of India.

Q: What is धारा 34 DICGC Act?

धारा 34 DICGC Act is the Devanagari Hindi reference for Section 34 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961. Section 34 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs returns from insured banks. - (1) Notwithstanding anything contained in the [Banking Regulation Act, 1949 (10 of 1949),] or any other law for the time being in force, the Corporation may at any time direct an insured bank [or a credit institution] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank [or the credit facilities granted by that credit institution, as the case may be,] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act. As verified on 19 May 2026.

Q: What is Dhara 34 DICGC Act?

Dhara 34 DICGC Act is the Roman Hindi reference for Section 34 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961. "Dhara" means "Section" in Hindi. Section 34 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs returns from insured banks. - (1) Notwithstanding anything contained in the [Banking Regulation Act, 1949 (10 of 1949),] or any other law for the time being in force, the Corporation may at any time direct an insured bank [or a credit institution] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank [or the credit facilities granted by that credit institution, as the case may be,] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act. As verified on 19 May 2026.

Q: How to cite Section 34 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961?

Cite as: "Section 34, The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act)" in legal briefs. For academic writing, use the BlueBook format: The Deposit Insurance and Credit Guarantee Corporation Act, 1961, § 34 (India).

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Section 34 DICGC Act (The Deposit Insurance and Credit Guarantee Corporation Act, 1961): Returns from insured banks. - (1) Notwithstanding anything contained in the [Banking Regulation Act, 1949 (10 of 1949),] or any other law for the time being in force, the Corporation may at any time direct an insured bank [or a credit institution] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank [or the credit facilities granted by that credit institution, as the case may be,] [ Inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978).] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act | Law on Tips | Law on Tips