Section 29: Bank exempt from stamp duty on bank notes

Q: What does Section 29 of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 29 RBI Act pertains to "Bank exempt from stamp duty on bank notes". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 29 of The Reserve Bank of India Act, 1934 (RBI Act) governs bank exempt from stamp duty on bank notes. As verified on 19 May 2026.

Q: Is Section 29 RBI Act still in force?

Yes, Section 29 of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 29 RBI Act?

धारा 29 RBI Act is the Devanagari Hindi reference for Section 29 of the The Reserve Bank of India Act, 1934. Section 29 of The Reserve Bank of India Act, 1934 (RBI Act) governs bank exempt from stamp duty on bank notes. As verified on 19 May 2026.

Q: What is Dhara 29 RBI Act?

Dhara 29 RBI Act is the Roman Hindi reference for Section 29 of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 29 of The Reserve Bank of India Act, 1934 (RBI Act) governs bank exempt from stamp duty on bank notes. As verified on 19 May 2026.

Q: How to cite Section 29 of The Reserve Bank of India Act, 1934?

Cite as: "Section 29, The Reserve Bank of India Act, 1934 (RBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Reserve Bank of India Act, 1934, § 29 (India).

Law on Tips Editorial Board

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 issued by it.