Facts About Bank

A bank is an institution which accepts deposits from public and provides credits to individuals and other business sectors. They also provide a lot of other various services to its customers like transfer of funds, issuance of draft, etc,. We have collected the best interesting facts about bank and their uses. These facts can be shared through social media where people will get to know more about bank. Download and share these facts, pics, messages and help them to have a great day.

    The RBI logo was inspired from the East India Company Double Mohur.

    RBI is responsible only for printing the currency notes. Minting of coins is done by the Government of India.

    Manmohan Singh is the only Prime Minister to have also served as the Governor of RBI.

    If you have moved to a different city or to a different location in the same city, you can transfer your bank account to the nearest bank branch without any restrictions.

    A day can be more useful and productive if we get to know more information about certain things. Even though people get most of the information through internet they find it very difficult to search for the best facts. If a fact is send by your friend or someone you know then you seem to never ignore it. Below is a collection of images, pictures, messages where some beautiful and useful facts about bank is provided. The pictures, wallpapers are so attractive with the quote which will make anyone to read through the whole fact. Sharing these images also will help them to gain more knowledge and have fun.

    Banks are required to provide all the forms (opening a bank account, obtaining a cheque book, etc.) to their customers in three languages- Hindi, English, and an appropriate regional language.

    Banks can’t refuse to accept scribbled notes, a fact that was further clarified by the Reserve Bank of India as customers were facing problems due to the same.

    All banks are required to offer free pass books to their customers who have savings accounts.

    As a rule of thumb, fractions of rupees equal to 50 paise or more is rounded off to the next higher rupee. However, if the fraction is less than 50 paise then it must be ignored.

    Sir Osborne Smith was the first Governor of the Reserve Bank of India CD Deshmukh was the first Indian Governor of RBI.

    Cheque system was first introduced by Bengal Bank which was established in 1784.

    Allahabad Bank is the oldest existing public sector bank in India.

    Bank of India is the first Indian Bank to open overseas branch. It established a branch in London in 1946.

    Central Bank of India was the first public bank to introduce credit card. Central Bank of India is the first commercial bank which was managed by Indians.

    ICICI Bank was the first Indian Bank to provide internet banking facility.

    India’s first “talking” Automated Teller Machine (ATM) launched by Union Bank of India (UBI) for visually impaired was launched in Ahmedabad (Gujarat).

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