Duty D10-PAA, published by Department of Financial Services, Ministry of Finance [D10-PAA]
As at 7 September 2026. In force from 30 June 1956.
Addressee: Every banking company.
Required: Obtain a licence before undertaking the business of banking; apply in Form B, fee five hundred rupees.
Period: Before the activity begins; licence valid three years.
Form: Form B.
Source: Section 6, State Bank of India Act, 1955 [S1C-XNS].
Penalty provision: Section 20, State Bank of India Act, 1955 [S1C-Y3W].
Published by: Department of Financial Services, Ministry of Finance.
In force: from 30 June 1956.