http://debianws.lexgopc.com/wiki143/index.php?action=history&feed=atom&title=Scheduled_Banks_%28India%29Scheduled Banks (India) - Revision history2026-06-02T13:14:57ZRevision history for this page on the wikiMediaWiki 1.43.1http://debianws.lexgopc.com/wiki143/index.php?title=Scheduled_Banks_(India)&diff=7871138&oldid=previmported>Rofraja: Replaced 1 bare URLs by {{Cite web}}; Replaced "Archived copy" by actual titles2025-01-12T21:27:11Z<p>Replaced 1 bare URLs by {{Cite web}}; Replaced "Archived copy" by actual titles</p>
<p><b>New page</b></p><div>{{Short description|Banks holding reserves above a specific level}}<br />
[[File:Scheduled banking structure in India.png|thumb|300px|Structure of the organised banking sector in India.]]<br />
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'''Scheduled Banks''' in India refer to those banks which have been included in the Second Schedule of [[Reserve Bank of India Act, 1934]].<ref>{{cite web |title=List of Scheduled Banks by RBI |url=https://rbidocs.rbi.org.in/rdocs/Content/PDFs/LSCBSC925ABF8A7E04824BA04596DF5C44006.PDF |publisher=Reserve Bank of India |access-date=5 January 2022}}</ref> [[Reserve Bank of India]] (RBI) in turn includes only those banks in this Schedule which satisfy all the criteria laid down vide section 42(6)(a) of the said Act.<br />
Banks not under this Schedule are called '''Non-Scheduled Banks'''<br />
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==Facilities==<br />
Every Scheduled bank enjoys two types of principal facilities: it becomes eligible for debts/loans at the [[bank rate]] from the RBI; and, it automatically acquires the membership of [[Clearing house (finance)|clearing house]].<ref name=Mahila>{{cite news|title=Bharatiya Mahila Bank included in second schedule to RBI Act|url=http://www.livemint.com/Companies/XcNE4PyAgTl9yKjjdT8FmN/Bharatiya-Mahila-Bank-included-in-second-schedule-to-RBI-Act.html|accessdate=3 March 2015|work=[[Live Mint]]|date=21 May 2014}}</ref><br />
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==Types of banks==<br />
There are two main categories of scheduled banks in India, namely:<br />
* Scheduled [[Commercial bank]]s<br />
* Scheduled [[Cooperative Banking|Co-operative banks]]<br />
Scheduled commercial Banks are further divided into six types, as below:<br />
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# Scheduled Public Sector Banks<br />
# Scheduled Private Sector Banks<br />
# Scheduled Small Finance Banks<br />
# Regional Rural Banks<br />
# Foreign Banks<br />
# [[Payments Bank|Payment banks]] (currently five banks [[Airtel Payments Bank]], [[Fino Payments Bank]], [[India Post Payments Bank]], [[NSDL Payments Bank]], [[Jio Payments Bank]] ,[[Paytm Payments Bank(Paytm payment Bank restricted to deposit money in 2024)]] have been granted Scheduled bank status).<ref>{{Cite web | title=Reserve Bank of India - Database | url=https://m.rbi.org.in/scripts/bs_viewcontent.aspx?Id=3657 | access-date=2025-01-12 | website=m.rbi.org.in}}</ref><ref>{{cite news |last1=Vanamali |first1=Krishna Veera |title=What does a scheduled bank status mean for Paytm Payments Bank? |url=https://www.business-standard.com/podcast/finance/what-does-a-scheduled-bank-status-mean-for-paytm-payments-bank-121121300083_1.html |access-date=5 January 2022 |work=Business Standard India |date=13 December 2021}}</ref><br />
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Scheduled Co-operative banks are further divided into 2 types namely:<br />
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# Scheduled State Co-operative banks<br />
#Scheduled Urban cooperative banks<br />
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==See also==<br />
* [[Banking in India]]<br />
* [[List of banks in India]]<br />
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==References==<br />
{{Reflist}}<br />
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==Further reading==<br />
* {{cite web|title=Reserve Bank of India Act, 1934: The Second Schedule|url=http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RBIAM_230609.pdf|pages=91–100|publisher=[[Reserve Bank of India]]}}<br />
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[[Category:Banking in India]]</div>imported>Rofraja