Section 20: Obligation of the Bank to transact Government business

Q: What does Section 20 of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 20 RBI Act pertains to "Obligation of the Bank to transact Government business". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 20 of The Reserve Bank of India Act, 1934 (RBI Act) governs obligation of the Bank to transact Government business. As verified on 19 May 2026.

Q: Is Section 20 RBI Act still in force?

Yes, Section 20 of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 20 RBI Act?

धारा 20 RBI Act is the Devanagari Hindi reference for Section 20 of the The Reserve Bank of India Act, 1934. Section 20 of The Reserve Bank of India Act, 1934 (RBI Act) governs obligation of the Bank to transact Government business. As verified on 19 May 2026.

Q: What is Dhara 20 RBI Act?

Dhara 20 RBI Act is the Roman Hindi reference for Section 20 of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 20 of The Reserve Bank of India Act, 1934 (RBI Act) governs obligation of the Bank to transact Government business. As verified on 19 May 2026.

Q: How to cite Section 20 of The Reserve Bank of India Act, 1934?

Cite as: "Section 20, The Reserve Bank of India Act, 1934 (RBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Reserve Bank of India Act, 1934, 1934, § 20 (India).

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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.