Important information on RBI

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1. Reserve Bank of India started its operations on-01 Apr 1935

2. Reserve was nationalised in —1949

3. The maximum number of Deputy Governors RBI can have–4

4. Number of regional offices of RBI –28

5. RBI can issue notes upto the value of —Rs. 10,000/-

6. As per Indian Coinage Act 1 Re coins can be used to pay/settle ——Any amount

7. As per Indian Coinage Act 0.50 ps coins can be used to pay/settle—– Amount not exceeding Rs. 10.

8. As per Indian Coinage Act coins worth less than 0.50 ps can be used to pay/settle—– Amount not exceeding Re. 1.(no longer applicable)

9. The logo of RBI has—A palm tree and a tiger

10. The H.O. of the RBI is in—Mumbai

11. The maximum amount for which customer’s deposit is insured in a bank—-Rs. 1,00,000

Institutions established by RBI and Head

Office

1. Deposit Insurance and Credit Guarantee Corporation–Mumbai

2. National Housing Bank –New Delhi

3. National Bank for Agricultural and Rural Development–Mumbai

4. Securities Trading Corporation of India –Mumbai

5. Bharatiya Reserve Bank Note Mudran Private Limited–Bangalore

6. Industrial and Development Bank of India – Mumbai

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