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The Deposit Insurance and Credit Guarantee Corporation Act, 1961

Chapter III — REGISTRATION OF BANKING COMPANIES AND CO-OPERATIVE BANKS AS INSURED BANKS AND LIABILITY OF CORPORATION TO DEPOITORS

Section 19Discharge of the liability of Corporation

Read in the full Act
Section 19: Discharge of the liability of Corporation

19. Discharge of the liability of Corporation

Any amount paid by the Corporation under section 17 or section 18 [or section 18A] in respect of a deposit shall, to the extent of the amount paid, discharge the Corporation from its liability in respect of that deposit.

Amendment notes (1)
  1. Ins w.e.f. 1-9-2021 . Ins. by Act 30 of 2021, s. 5 (w.e.f. 1-9-2021).