Section 36: Subsidiary bank to act as agent of the State Bank

Q: What does Section 36 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) deal with?

Section 36 TSBISBA pertains to "Subsidiary bank to act as agent of the State Bank". It is part of the The State Bank of India (Subsidiary Banks) Act, 1959, a legislation enacted by the Parliament of India. Section 36 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs subsidiary bank to act as agent of the State Bank. As verified on 19 May 2026.

Q: Is Section 36 TSBISBA still in force?

Yes, Section 36 of the The State Bank of India (Subsidiary Banks) Act, 1959 is currently in force across the Republic of India.

Q: What is धारा 36 TSBISBA?

धारा 36 TSBISBA is the Devanagari Hindi reference for Section 36 of the The State Bank of India (Subsidiary Banks) Act, 1959. Section 36 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs subsidiary bank to act as agent of the State Bank. As verified on 19 May 2026.

Q: What is Dhara 36 TSBISBA?

Dhara 36 TSBISBA is the Roman Hindi reference for Section 36 of the The State Bank of India (Subsidiary Banks) Act, 1959. "Dhara" means "Section" in Hindi. Section 36 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs subsidiary bank to act as agent of the State Bank. As verified on 19 May 2026.

Q: How to cite Section 36 of The State Bank of India (Subsidiary Banks) Act, 1959?

Cite as: "Section 36, The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA)" in legal briefs. For academic writing, use the BlueBook format: The State Bank of India (Subsidiary Banks) Act, 1959, § 36 (India).

Law on Tips Editorial Board

(1)

A subsidiary bank shall, if so required by the State Bank, act as agent of the State Bank at any place in India for—

(a) paying, receiving, collecting and remitting money, bullion and securities on behalf of any Government in India; and

(b) undertaking and transacting any other business which the Reserve Bank may, from time to time, entrust to the State Bank.

(2)

The terms and conditions on which any such agency business shall be carried on by the subsidiary bank on behalf of the State Bank shall be such as may be determined by the State Bank, after consultation with the subsidiary bank and with the approval of the Reserve Bank.

[* * * * * *] [Sub-sections (3) and (4) omitted by Act 56 of 1962, Section 3 (w.e.f. 1-1-1963)]