What is the maximum amount of trust money covered by the Government Savings Bank deposit permission in…
Section 21 permits this Government Savings Bank deposit route for trust money not exceeding ₹3,000. Therefore ₹3,000 is the statutory maximum for that particular permission;…
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What is the maximum amount of trust money covered by the Government Savings Bank deposit permission in section 21 of the Indian Trusts Act, 1882?
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Correct answer D
Section 21 permits this Government Savings Bank deposit route for trust money not exceeding ₹3,000. Therefore ₹3,000 is the statutory maximum for that particular permission; section 20 separately governs the general investment framework.