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Reserve Bank of India facts for kids

Kids Encyclopedia Facts
RBI-Tower
RBI headquarters in Mumbai

The Reserve Bank of India (RBI) is a top banking institution of the Republic of India. The bank controls the money supply in the country.

History

The bank was established on 1 April 1935, when India was under British rule. The Bank was established under the Reserve Bank of India Act, 1934. The bank was nationalised in 1949.



Images for kids

  • Reserve Bank of India 2010 stamp

    A 2010 stamp dedicated to the 75th anniversary of the Reserve Bank of India

  • IND-19a-Reserve Bank of India-10 Rupees (1937)

    Reserve Bank of India-10 Rupees (1938), the first year of banknote issue.

  • MonetaryMuseumRBIPlaque

    RBI Monetary Museum in Mumbai was established by the bank under its educational programme in 2004.

  • Nagpur Reserve Bank

    Nagpur branch holds most of India's gold deposits.

  • 2016 Indian currency note demonetisation

    People gathered at ATM of Axis Bank in Mehsana, Gujarat to withdraw cash following deposit of demonetised currency notes in bank on 15 November 2016.

  • People gathered at SBI ATM in Paravur near Kollam city in Kerala due to Indian currency demonetisation, Nov 2016

    Long queue in front of SBI ATM at Paravur near the city of Kollam in Kerala, 19 November 2016.

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