(1)Subject to the provisions contained in sub section (1) of section 9, a security or as the case may be, the additional security shall be in any of the following forms, namely :-

(a) Immovable property along with the security bond in Form - F

(b) Post Office Savings Bank deposit or National Savings Certificates duly pledged in favour of the President of India represented by the registering authority.

(c) Any term deposits from Scheduled Banks / Nationalised Banks duly pledged in favour of the President of India represented by the registering authority.

(2) The security or the additional security shall be released by the registering authority, when there is no further need for the same.