Multilateral Development Bank access to Government securities permitted, with payment and repatriation conditions under RBI approval. A Multilateral Development Bank specifically permitted by the Government of India to float rupee bonds may purchase Government dated securities. Payment for such purchases must be by inward remittance through normal banking channels or from funds in an account opened with specific Reserve Bank of India approval. On sale or maturity, the net proceeds after tax may be remitted abroad or credited to a fund account opened with prior RBI permission.