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No individual can have an account with RBI. Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.
They are not a normal bank to provide bank accounts to customers.
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A personal account cannot be opened in?
One place in which a personal account cannot be opened is the Reserve Bank of India.
What is the name of central bank of India?
reserve bank of India
Which bank is called Bankers Bank in India?
the bankers bank in India is RESERVE BANK OF INDIA known as RBI
Is reserve bank of India a commercial bank?
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in India. It has been in existence since the British Rule in India.
What is current bank rate by rbi?
Answer :-It is the rate at with Reserve bank of India allows commercial bank to borrow money from the Reserve bank of India as per their eligibility for refinance.
How many reserve banks in India?
branches of reserve bank in India
A personal account cannot be opened in?
One place in which a personal account cannot be opened is the Reserve Bank of India.
Which was the first bank of India?
The Reserve Bank of India
What is the bank of the government of India?
Reserve bank of India
When was Reserve Bank of India created?
Reserve Bank of India was created on 1935-04-01.
When reserve bank of India established?
reserve bank was established in 1952
Reserve bank of India established?
reserve bank was established in 1952
Indias biggest bank?
Reserve bank of India is the Banker to the Banks. Reserve bank of india,is not open for normal customers.For customers, the biggest bank is State Bank of India.
What is the name of central bank of India?
reserve bank of India
Can you open a account in rbi?
No. The Reserve Bank of India is not a normal bank that offers bank account facilities to customers. It is the central bank of India and it supervises the banking operations of all the banks in the country. They are the banker to all the banks in the country and do not take up customer requests for bank accounts.
Which bank is called Bankers Bank in India?
the bankers bank in India is RESERVE BANK OF INDIA known as RBI
Regulation of bank in India?
RBI - Reserve Bank Of India regulates the banks in India.
