FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT
Section 18: Rate of interest
(1) A bank shall pay, to the credit of a domiciliary account, interest at such rate as the Central Bank may, from time to time, prescribe.
(2) The Central Bank may authorise a bank to transact banking business in any foreign currency deposited with the bank pursuant to this Act.
Cite this section
Section 18, FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT (1995).
https://repo.podus.ai/laws/foreign-exchange-monitoring-and-miscellaneous-provisions-act/section/18/