Indemnity for encashment liabilities protects authorised persons and the Reserve Bank against liabilities connected with payment instruments. The Central Government must indemnify the Reserve Bank of India or an authorised person against liability incurred by reason of, or in connection with, ... Summary
Indemnity for encashment liabilities protects authorised persons and the Reserve Bank against liabilities connected with payment instruments.
The Central Government must indemnify the Reserve Bank of India or an authorised person against liability incurred by reason of, or in connection with, encashing a delivered draft, cheque, or other instrument.
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