Reserve Bank of India Act, 1934
Section - 20 - Obligation of the Bank to transact Government business
CHAPTER III
CENTRAL BANKING FUNCTIONS
Obligation of the Bank to transact Government business.
20. 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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