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Section 20 – Reserve Bank of India Act,1934

Reserve Bank of India Act,1934

Section 20. Obligation of the Bank to transact government business

The Bank shall undertake to accept monies for account of the Central Government and to make payments up to the amount standing to the credit of its account, and to carry out its exchange, remittance and other banking operations, including the management of the public debt of the Union.

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Reserve Bank of India Act,1934

Indian Laws – Bare Acts

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