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of <h1>RBI Transfers Surplus Profits to Indian Government Annually u/s 47 of RBI Act, 1934.</h1> The Reserve Bank of India (RBI) transfers its surplus profits to the Government of India under Section 47 of the RBI Act, 1934. This provision allows the transfer after accounting for various financial obligations. Over the past decade, the surplus transferred has varied annually, with notable amounts such as Rs. 52,679 crore in 2014-15 and Rs. 65,896 crore in 2015-16. In 2017-18, an interim surplus of Rs. 10,000 crore was transferred, part of a total Rs. 50,000 crore for that year. The RBI's financial year runs from July to June, differing from the Central Government's April to March fiscal year.
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