Reserve Bank of India Act, 1934 · Chapter III: Central Banking Functions
Section 38: Obligations of Government and the Bank in respect of rupee coin
The [Central Government] shall undertake not *** to put into circulation any rupees, except through the Bank, *** and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation ***.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 38
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