Answer 1

 (1) A sum not less than 20% of the amount of its deposits maturing during a financial year shall be deposited in a separate bank account in a scheduled bank. For this, a company has to open an account called as 'Deposit Repayment Reserve Account'.
(2) The amount should be deposited on or before 30th April each year. The 'Deposit Repayment Reserve Account shall be used by the company only for the purpose of repayment of deposits.