Section 39: Obligation to supply different forms of currency

Q: What does Section 39 of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 39 RBI Act pertains to "Obligation to supply different forms of currency". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 39 of The Reserve Bank of India Act, 1934 (RBI Act) governs obligation to supply different forms of currency. As verified on 19 May 2026.

Q: Is Section 39 RBI Act still in force?

Yes, Section 39 of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 39 RBI Act?

धारा 39 RBI Act is the Devanagari Hindi reference for Section 39 of the The Reserve Bank of India Act, 1934. Section 39 of The Reserve Bank of India Act, 1934 (RBI Act) governs obligation to supply different forms of currency. As verified on 19 May 2026.

Q: What is Dhara 39 RBI Act?

Dhara 39 RBI Act is the Roman Hindi reference for Section 39 of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 39 of The Reserve Bank of India Act, 1934 (RBI Act) governs obligation to supply different forms of currency. As verified on 19 May 2026.

Q: How to cite Section 39 of The Reserve Bank of India Act, 1934?

Cite as: "Section 39, 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, § 39 (India).

Law on Tips Editorial Board

(1)

The Bank shall issue rupee coin on demand in exchange for bank notes and currency notes of the Government of India and shall issue currency notes or bank notes on demand in exchange for coin which is legal tender under the Coinage Act, 2011 (11 of 2011).

(2)

The Bank shall, in exchange for currency notes or bank notes of two rupees or upwards, supply currency notes or bank notes of lower value or other coins which are legal tender under the Indian Coinage Act, 1906 (3 of 1906), in such quantities as may, in the opinion of the Bank, be required for circulation; and the Central Government shall supply such coins to the Bank on demand. If the Central Government at any time fails to supply such coins, the Bank shall be released from its obligations to supply them to the public.