The Reserve Bank of India Act, 1934 · III — CENTRAL BANKING FUNCTIONS

Section 29. Bank exempt from stamp duty on bank notes

In force · As amended up to 2026-08

29. Bank exempt from stamp duty on bank notes.— 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[1] * issued by it.

Source: India Code