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Union of India - Section

Section 47 in The Reserve Bank of India Act, 1934

47. Allocation of surplus profits.—

After making provision for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation fundand for all other matters for which provision is to be made by or under this Act or which are usually provided for by bankers, the balance, of the profits shall be paid to the Central Government.