law: State Financial Corporations Act, 1951
  8. Deposits with the Financial Corporation 
  (1) The Financial Corporation may accept from the State
  
  Government or, with the prior approval of the State Government, the Development
  
  Bank and the Reserve Bank, a local authority or any other person deposits
  
  repayable after the expiry of a period which shall not be less than twelve
  
  months from the date of the making of the deposit and on such other terms as it
  
  thinks fit:
  2[PROVIDED that the total amount of such deposits shall
  
  not exceed twice the paid up share capital of the Financial Corporation:
  PROVIDED FURTHER that the Central Government may permit the
  
  Financial Corporation to accept deposits up to a higher limit not exceeding ten
  
  times the paid up share capital of the Financial Corporation.]
  2[(2) Any deposit accepted under sub-section (1), other than a
  
  deposit from the State Government shall, if so required by the Financial
  
  Corporation, be guaranteed by the State Government as to the repayment of the
  
  principal and the payment of interest.]