Bare ActsThe RESERVE BANK OF INDIA ACT, 1934

Section 46

Contribution by Central Government to the Reserve Fund

Amendment status not verified — confirm the current text below against the official source.

Contribution by Central Government to the Reserve Fund.—The 1[Central Government] shall transfer to the Bank rupee securities to the value of five crores of rupees to be allocated by the Bank to the Reserve Fund. 2[46A. Contribution to National Rural Credit (Long Term Operations) Fund and National Rural Credit (Stabilisation) Fund.—The Bank shall contribute every year such sums of money as it may consider necessary and feasible to do so, to the National Rural Credit (Long Term Operations) Fund and the National Rural Credit (Stabilisation) Fund established and maintained by the National Bank under sections 42 and 43, respectively, of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981).]

Section 46 – The RESERVE BANK OF INDIA ACT, 1934 | DailyLaw.ai