law: State Financial Corporations Act, 1951 
  33. Funds of the Financial Corporation 
  (1) Every Financial Corporation shall have its own fund, and all
  
  receipts of the Financial Corporation shall be carried thereto and all payments
  
  by the Corporation shall be made there from.
  (2) All moneys belonging to the fund shall be deposited in the
  
  Reserve Bank or the State Bank of India or a subsidiary bank as defined in the
  
  State Bank of India (Subsidiary Bank) Act, 1959 (38 of 1959) or in any of the
  
  banks specified in column 2 of the First Schedule to the Banking Companies
  
  (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) 3[or any of
  
  the banks specified in column 2 of the First Schedule to the Banking Companies
  
  (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980) or, in
  
  consultation with the Reserve Bank, in a scheduled bank or a State Co-operative
  
  Bank.]