Obligation of the Bank to transact Government business
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].

Advocate Shruti Goyal
Advocate
Advocate Shruti Goyal is a legal expert specializing in corporate law and compliance. She writes to simplify legal topics for businesses and individuals alike.