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.

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Reserve Bank of India Facts for Kids. Kiddle Encyclopedia.