The Bank shall undertake to accept monies for account of 1[ 2*** the Central Government 3***] and to make payments up to the amount standing to the credit of 4[its account], and to carry out 5[its exchange], remittance and other banking operations, including the management of the public debt 6[of the Union].
1Subs. by the M.O. 1937, for certain words.
2The words "the Secretary of State" omitted by the A.O. 1950.
3The words and letter "and the Governments of Part A States" omitted by Act 37 of 1956, s. 104 (w.e.f. 1-11-1956).
4Subs. by s. 104, ibid., for "their accounts respectively" (w.e.f. 1-11-1956).
5Subs. by s. 104, ibid., for "their exchange" (w.e.f. 1-11-1956).
6Ins. by s. 104, ibid. (w.e.f. 1-11-1956).