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CHAPTER III CENTRAL BANKING FUNCTIONS

Section 26A: Certain bank notes to cease to be legal tender

The Reserve Bank of India Act, 1934

1[Notwithstanding anything contained in section 26, no bank note of the denominational value of five hundred rupees, one thousand rupees or ten thousand rupees issued before the 13th day of January, 1946, shall be legal tender in payment or on account for the amount expressed therein.]

Footnotes in the official text

  1. 1.Ins. by Act 62 of 1956, s. 2 and Sch. (w.e.f. 1-11-1956).

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