Liquid cover

Liquid cover for purposes of Rule 204 means only such assets as can be converted into ready cash at once and shall include the following :- (i) Cash in hand and balances with approved banks in current and savings bank accounts; (ii) Ninety per cent of the market-value of unencumbered proportion of Government securities (including Postal Cash Certificates and National Savings Certificates); (iii) Eighty per cent of the market-value of unencumbered portion of bond and shares of Industrial Finance Corporation, debentures of the State Co-operative Bank and other trustees securities and fixed deposits with other approved banks; (iv) Undrawn portion of cash credit or overdraft limit obtained against Government securities; (v) Fifty per cent of undrawn portion of the assured cash credit from the State Bank of India or the Uttaranchal Co-operative Bank Ltd., or a Central Bank.