INDIA CODE

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Section 33, Fiscal Responsibility and Budget Management Act, 2003 [S21-ESN]

As at 6 September 2026. In force from 5 August 2003.

In Fiscal Responsibility and Budget Management Act, 2003 [A11-8JV]. This text from 5 August 2003. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 33, Fiscal Responsibility and Budget Management Act, 2003 [S21-ESN]. Machine: S21-ESN.

33. Prohibition of the making of deposits without licence.—No person shall undertake the making of deposits except under and in accordance with the conditions of a licence granted under section 34: Provided that nothing in this section shall apply to the making of deposits undertaken by or on behalf of the Central Government or a State Government.

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Section 33, Fiscal Responsibility and Budget Management Act, 2003 [S21-ESN]