# 20 Obligation of the Bank to transact Government business
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].
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1. Subs. by the M.O. 1937, for certain words.
2. The words "the Secretary of State" omitted by the A.O. 1950.
3. The words and letter "and the Governments of Part A States" omitted by Act 37 of 1956, s. 104 (w.e.f. 1-11-1956).
4 Subs. by s. 104, <i>ibid</i>., for "their accounts respectively" (w.e.f. 1-11-1956).
5. Subs. by s. 104, <i>ibid</i>., for "their exchange" (w.e.f. 1-11-1956).
6. Ins. by s. 104, <i>ibid</i>. (w.e.f. 1-11-1956).
