Scheduled bank

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Q.What is scheduled bank?
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Ans:-
  • A bank formed and managed by people from Scheduled Caste/scheduled Tribes.
  • This banks operates in a tribal areas or backward areas as notified by central government in it official gazette.
  • These banks will provide basic financial needs for those people. 
Replies (2)
Scheduled Banks in India constitute 
those banks which have been included in 
the Second Schedule of Reserve Bank of India(RBI) Act, 1934.

Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934.

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