Section 49 of the Reserve Bank of India Act, 1934 – Publication of Bank rate

Home › The Reserve Bank of India Act, 1934 › Chapter IV – General provisions

Section 49: Publication of Bank rate

The Bank shall make public from time to time the standard rate at which it is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under this Act.

Source: official text of The Reserve Bank of India Act, 1934 as published on India Code (PDF). All sections of the Reserve Bank of India Act, 1934.

Related posts:

  1. The Reserve Bank of India Act, 1934 – All Sections
  2. Section 56 of the Banking Regulation Act, 1949 – Act to apply to co-operative societies subject to modifications
  3. Section 14 Of The Central Goods And Services Tax Act 2017
  4. Section 42 of the Reserve Bank of India Act, 1934 – Cash reserves of scheduled banks to be kept with the Bank