Calculate mandatory promoter deposits and permissible withdrawals under Section 4(2)(l)(D) of the RERA Act 2016.
Deposit & Withdrawal Calculator
Enter total collections from allottees to calculate mandatory deposit and permissible withdrawal at each stage.
Section 4(2)(l)(D): Minimum 70% of all amounts realised from allottees must be deposited. Withdrawals must be certified by an Engineer, Architect, and CA.
Mandatory 70% Deposit
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Stage-wise Withdrawal Checker
Check the maximum permissible withdrawal for each construction milestone.
Withdrawals require joint certification from Engineer + Architect + CA as per Section 4(2)(l)(D) and MahaRERA Rules.
How the 70% Account Works
Every RERA-registered project must have a separate designated bank account with a scheduled commercial bank. The promoter must deposit at least 70% of all amounts collected from allottees — including booking advances, instalments, and any other payments — into this account.
The remaining 30% can be used for any project-related expense including marketing, overheads, and professional fees. But the 70% is ring-fenced: it can only be used for land cost and construction cost of that specific project.
This is heavily tested in the MahaRERA IBPS certification exam. Agents must understand what the account can and cannot be used for, the withdrawal certification requirements, and the penalties for misuse.
Common Exam Questions on Section 4(2)(l)(D)
Topic
Key Fact
Minimum deposit %
70% of all amounts realised from allottees
Account type
Scheduled commercial bank — separate per project
Permitted uses
Land cost + construction cost of THAT project only
Withdrawal certification
Engineer + Architect + CA (all three required)
Basis for withdrawal
Proportionate to % construction completion
Annual audit
By CA in full-time practice — submitted to MahaRERA
Penalty for misuse
Up to 5% of project cost under Section 61
Section 4 is Exam-Critical
The 70% account is one of the most frequently tested topics in the MahaRERA IBPS exam. Practice with our full question bank.
Under Section 4(2)(l)(D), every promoter must deposit at least 70% of all allottee collections into a separate designated bank account for each registered project. The account is ring-fenced for land cost and construction cost only.
Can the promoter withdraw from the 70% account freely?
No. Withdrawals must be proportionate to the stage of construction completion and require joint certification from an engineer, architect, and Chartered Accountant.
What happens if a promoter misuses the 70% account?
Misuse is a contravention under Section 61, attracting penalty of up to 5% of estimated project cost. Annual audit by a CA in full-time practice is mandatory.
Can the 70% account be used for marketing?
No. Marketing, salaries, administration, and professional fees must come from the remaining 30%. The 70% account is strictly for land cost and construction cost of that specific project.
Disclaimer: This calculator is for educational purposes only. Actual calculations, audit requirements, and withdrawal rules may vary. Always consult a qualified CA and refer to the official RERA Act and MahaRERA Rules.