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Rules

26. Clubbing of deposits by a problem non-banking financial company

26. Clubbing of deposits by a problem non-banking financial company

All deposit accounts standing to the credit of sole/first named depositor in the same capacity shall be clubbed and treated as one deposit account for the purpose of premature repayment or grant of loan by a problem non-banking financial company:

Provided that this clause shall not apply to premature repayment in the event of death of depositor as provided in paragraph 23.

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