Income-tax Rules, 2026

Rule 318Investment of fund moneys

Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026

(1)All moneys contributed to the fund or received or accrued by way of interest, or otherwise, may be–

(a)deposited in a Post Office Savings Bank Account in India; or

(b)deposited in a current account or in a savings account with any scheduled bank; or

(c)utilised for the purpose of making contributions under Group Gratuity Scheme entered into with the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956 (31 of 1956) or any other insurer as defined in section 2(58) of the Act;

(2)Any funds not deposited or used as mentioned above shall be invested in accordance with the notification of the Ministry of Finance, (Department of Financial Services) number F. No. 11/14/2013 –PR, dated the 2nd March, 2015 published in the Gazette of India, Extraordinary, Part I, Section 1, as amended from time to time.

This rule refers to

§ 1 Short title, extent and commencement

§ 2 Definitions

Referenced by

Rule 316 Definitions for purposes of rules 317 to 329