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CHAPTER III CENTRAL BANKING FUNCTIONS

Section 29: Bank exempt from stamp duty on bank notes

The Reserve Bank of India Act, 1934

The Bank shall not be liable to the payment of any stamp duty under the Indian Stamp Act, 1899 (2 of 1899) in respect of bank notes 1*** issued by it.

Footnotes in the official text

  1. 1.The words “or Burma notes” omitted by Act 11 of 1947, s. 16 (w.e.f. 1-4-1947) which was earlier inserted by the M.O. 1937.

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