Chapter III — Central Banking Functions

Section 36: [Repealed.] Method of dealing with fluctuations in rupee coin assets

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 36 is repealed and historically dealt with fluctuations in rupee-coin assets of the Issue Department.

Historical / non-operativeOfficial sources mappedProvision-specific decode

Current legal status

Section 36 is repealed and historically dealt with fluctuations in rupee-coin assets of the Issue Department.

Its former adjustment mechanism has no current operative effect.

Use today: Modern Issue Department analysis should use surviving Sections 33-34 and current accounting/statutory rules.

Historical reading note

Historical monetary studies may cite Section 36, but should state the period in which it operated.

Illustration. A current variance in rupee-coin assets cannot be resolved by applying the repealed Section 36 formula.

Compliance points and common mistakes

Do not decide the issue from the heading alone. Map the facts to the operative words of Section 36 and to each relevant subsection, clause, proviso or explanation shown above.
Keep the statutory question separate from the operational overlay. Modern Issue Department analysis should use surviving Sections 33-34 and current accounting/statutory rules.
Do not convert an exception, exemption or discretionary RBI/Government power into an automatic entitlement. Record the authority, conditions and effective date.
Where the provision is historical, omitted or repealed, state that status prominently and do not present it as a current compliance obligation.

Connected provisions and instruments

Section 36 has no universal instrument dependency in this package. Add an RBI circular or direction only when its subject, entity and effective date cover the issue being analysed.

Questions and answers

What is the purpose of Section 36?

[Repealed.] Method of dealing with fluctuations in rupee coin assets: Section 36 is repealed and historically dealt with fluctuations in rupee-coin assets of the Issue Department.

Which statutory limb should be checked first?

Scope - Section 36 is repealed and historically dealt with fluctuations in rupee-coin assets of the Issue Department.

What is the next legal boundary?

Operative limb - Its former adjustment mechanism has no current operative effect.

What record should support the conclusion?

Section 36 file evidence: Historical monetary studies may cite Section 36, but should state the period in which it operated.

Primary sources

Source control for Section 36: use the official consolidated RBI Act for the statutory text and footnotes, then separately reconcile any post-Finance Act 2022 amendment, commencement notification or RBI instrument relevant to the event date.