Central Act

The Banning of Unregulated Deposit Schemes Act, 2019

An Act to provide for a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto.

Act number21 of 2019
Enacted2019-07-31
In force from2019-02-21
MinistryMinistry of Finance
DepartmentDepartment of Financial Services
Sections44
Schedules4
Section text heldRegistry entry; certified PDF held

Other Acts of the Ministry of Finance

Questions this page answers

When did the The Banning of Unregulated Deposit Schemes Act, 2019 come into force?

It came into force on 2019-02-21, having been enacted on 2019-07-31.

Which ministry administers it?

The Ministry of Finance (Department of Financial Services).

Trijya holds a hash-verified copy of the official PDF of this Act; retrieval is available to API customers. Document archive.

Official data, Open data · as of 2026-07-21 · every row this page summarises carries its source, capture date and licence through the API.