Section 39: Declaration of fidelity and secrecy. - SPAN class=amd2>[(1)] Every director, auditor, officer or other employee of the Corporation or an employee of the Reserve Bank whose services are utilised by the Corporation under sub-section (2) of section 33 shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the First Schedule to this Act

Q: What does Section 39 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) deal with?

Section 39 DICGC Act pertains to "Declaration of fidelity and secrecy. - SPAN class=amd2>[(1)] Every director, auditor, officer or other employee of the Corporation or an employee of the Reserve Bank whose services are utilised by the Corporation under sub-section (2) of section 33 shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the First Schedule to 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 39 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs declaration of fidelity and secrecy. - SPAN class=amd2>[(1)] Every director, auditor, officer or other employee of the Corporation or an employee of the Reserve Bank whose services are utilised by the Corporation under sub-section (2) of section 33 shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the First Schedule to this Act. As verified on 19 May 2026.

Q: Is Section 39 DICGC Act still in force?

Yes, Section 39 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961 is currently in force across the Republic of India.

Q: What is धारा 39 DICGC Act?

धारा 39 DICGC Act is the Devanagari Hindi reference for Section 39 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961. Section 39 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs declaration of fidelity and secrecy. - SPAN class=amd2>[(1)] Every director, auditor, officer or other employee of the Corporation or an employee of the Reserve Bank whose services are utilised by the Corporation under sub-section (2) of section 33 shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the First Schedule to this Act. As verified on 19 May 2026.

Q: What is Dhara 39 DICGC Act?

Dhara 39 DICGC Act is the Roman Hindi reference for Section 39 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961. "Dhara" means "Section" in Hindi. Section 39 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs declaration of fidelity and secrecy. - SPAN class=amd2>[(1)] Every director, auditor, officer or other employee of the Corporation or an employee of the Reserve Bank whose services are utilised by the Corporation under sub-section (2) of section 33 shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the First Schedule to this Act. As verified on 19 May 2026.

Q: How to cite Section 39 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961?

Cite as: "Section 39, 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, § 39 (India).

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(2)

[ The Corporation shall observe, except as otherwise required by law, the practices and usages customary among the bankers, and, in particular, it shall not divulge any information relating to an insured bank or its customers or a credit institution or its customers except in circumstances in which it is, in accordance with law or practices or usages customary among bankers, necessary or appropriate for the Corporation to divulge such information.] [Section 39 renumbered as sub-Section (1) thereof and sub-Section (2) inserted by Act 21 of 1978, Section 8 (w.e.f. 15.7.1978). ]

(3)

[ Nothing contained in this section shall apply to the credit information disclosed under the Credit Information Companies (Regulation) Act, 2005 (30 of 2005).] [ Inserted by Act 30 of 2005, Section 34 and Schedule (w.e.f. 14.12.2006).]