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The Reserve Bank of India Act, 1934
02
06-03-1934
The Reserve Bank of India Act, 1934
An Act to Constitute a Reserve Bank of India.
Ministry of Finance
Department of Financial Services

Chapters, and Sections


Chapter 3 - Central Banking Functions
20 - Obligation of the Bank to transact Government business.
20A - [Omitted.].
21 - Bank to have the right to transact Government business in India.
21A - Bank to transact Government business of States on agreement.
21B - Effect of agreements made between the Bank and certain States before the 1st November, 1956.
22 - Right to issue bank notes.
23 - Issue Department.
24 - Denominations of notes.
25 - Form of bank notes.
26 - Legal tender character of notes.
26A - Certain bank notes to cease to be legal tender.
27 - Re-issue notes.
28 - Recovery of notes lost, stolen, mutilated or imperfect.
28A - Issue of special bank notes and special one rupee notes in certain cases.
29 - Bank exempt from stamp duty on bank notes.
30 - Powers of Central Government to supersede Central Board.
31 - Issue of demand bills and notes.
32 - [Omitted.].
33 - Assets of the Issue Department.
34 - Liabilities of Issue Department.
35 - [Omitted.].
36 - [Omitted.].
37 - Suspension of assets requirements as to foreign securities.
38 - Obligations of Government and the Bank in respect of rupee coin.
39 - Obligation to supply different forms of currency.
40 - Transactions in foreign exchange.
41A - [Omitted.].
42 - Cash reserves of scheduled banks to be kept with the Bank.
43 - Publication of consolidated statement by the Bank.
43A - Protection of action taken in good faith.
44 - [Omitted.].
45 - Appointment of agents.
22A - Non-applicability of certain provisions to digital form of bank notes
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Chapter 3B - Provisions Relating To Non-Banking Institutions Receiving Deposits And Financial Institutions
Chapter 3E - Joint Mechanism