How to open Account in Reserve Bank of India
The RBI is a banker of the government’s banks and bankers. RBI is the central bank of India and the supervisory body of the banking sector.
RBI does not deal with direct banking and public except exchanging currency notes.
Apart from the RBI, you can open a new savings bank account with any public sector bank, private sector bank, corporation bank etc.
Now, it has been decided to open savings bank accounts in the name of the State Government departments / bodies / agencies in connection with the grant / subsidy for the implementation of various programs / schemes sponsored by the State Governments. The bank certifies that related government departments or bodies are allowed to open Savings Bank Account. Banks should keep a copy of the authority issued by their state government departments.
Subject to the production of authorization to open savings bank accounts from concerned bank / state government departments in relation to government departments / bodies / agencies regarding grant / subsidy for the implementation of various programs / schemes sponsored by the Central Government / State Governments.
However the certain bodies/organisations that can open an account with RBI are:
- State Government
- The State Government departments
- State Government to allow related government departments or bodies in connection with the grant / subsidy for the implementation of various programs / schemes sponsored by the State Governments on behalf of government departments related to concerned government departments Government body / agency bank account.
- Subject to the production of authorization to open savings bank accounts from concerned bank / state government departments in relation to government departments / bodies / agencies regarding grant / subsidy for the implementation of various programs / schemes sponsored by the Central Government / State Governments.
To Open Account in RBI bank : Click here
