Bare ActsThe Reserve Bank of India Act, 1934

Section 20

Obligation of the Bank to transact Government business.

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

The Bank shall undertake to accept monies for account of 1 [ 2 *** the Central Government 3 ***] and to make payments up to the amount standing to the credit of 4 [its account], and to carry out 5 [its exchange], remittance and other banking operations, including the management of the public debt 6 [of the Union].

Section 20 – The Reserve Bank of India Act, 1934 | DailyLaw.ai