2. Notice of deposit.—Notice of the deposit shall be given through the Court by the defendant to the plaintiff, and the amount of the deposit shall (unless the Court otherwise directs) be paid to the plaintiff on his application.
Order XXIV Rule 2 CPC: Notice of deposit
Bare Act text
Text of the Code of Civil Procedure, 1908 (Act No. 5 of 1908), First Schedule, as amended, including the changes for commercial disputes made by the Commercial Courts Act, 2015. Source: India Code, Government of India.
In simple words
Notice of the deposit must be given by the defendant to the plaintiff through the Court. Unless the Court otherwise directs, the amount deposited is paid to the plaintiff on his application. The plaintiff may thus draw the money from Court, while the notice triggers the later consequences, such as the stopping of interest on the deposited sum.