Section - 20 - Obligation of the Bank to transact Government business
CHAPTER IIICENTRAL BANKING FUNCTIONSObligation 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].
.... To read the full section download the app from Google Play store
CAclubindia
