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    Scheduled VS Non Scheduled

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    Samuel Hranleh
    Non-scheduled banks are not eligible for loans from the Reserve Bank of India for daily operations and are required to maintain their own cash reserves rather than depositing them at the RBI. They are also not required to submit periodic returns to the central bank or have access to clearing house membership like scheduled banks. Scheduled banks have more privileges, such as free or low-cost remittance services through the RBI and its agents and borrowing facilities from the central bank on submission of documents, which are not available to non-scheduled banks.

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    Scheduled VS Non Scheduled

    Uploaded by

    Samuel Hranleh
    46 views1 page
    Non-scheduled banks are not eligible for loans from the Reserve Bank of India for daily operations and are required to maintain their own cash reserves rather than depositing them at the RBI. They are also not required to submit periodic returns to the central bank or have access to clearing house membership like scheduled banks. Scheduled banks have more privileges, such as free or low-cost remittance services through the RBI and its agents and borrowing facilities from the central bank on submission of documents, which are not available to non-scheduled banks.

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    SCHEDULED VS NON SCHEDULED

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    Non-scheduled banks are not eligible for loans from the Reserve Bank of India for daily operations and are required to maintain their own cash reserves rather than depositing them at the RBI. They are also not required to submit periodic returns to the central bank or have access to clearing house membership like scheduled banks. Scheduled banks have more privileges, such as free or low-cost remittance services through the RBI and its agents and borrowing facilities from the central bank on submission of documents, which are not available to non-scheduled banks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    46 views1 page

    Scheduled VS Non Scheduled

    Uploaded by

    Samuel Hranleh
    Non-scheduled banks are not eligible for loans from the Reserve Bank of India for daily operations and are required to maintain their own cash reserves rather than depositing them at the RBI. They are also not required to submit periodic returns to the central bank or have access to clearing house membership like scheduled banks. Scheduled banks have more privileges, such as free or low-cost remittance services through the RBI and its agents and borrowing facilities from the central bank on submission of documents, which are not available to non-scheduled banks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    SCHEDULED VS NON-SCHEDULED BANKS

    Non- Scheduled Banks are also not eligible for having loans from the  RBI for day to day activities but
    under the emergency conditions RBI can grant loan to them.

    Non-Scheduled Banks are also required to maintain the cash reserve requirement, not with the RBI,
    but with themselves, as no compulsion has been made by the RBI to deposit it in the RBI. These are
    local area banks. There is also no requirement of submission of periodic returns to the central bank,
    in case of non-scheduled banks.

    Further, no such facility as the right to become the member of the clearing house is available to the
    non-scheduled banks.

    When it comes to privileges, scheduled banks is ahead of non-scheduled banks. Scheduled banks get
    remittances through the offices of the Reserve Bank of India and its agents, for free or at
    concessional rates. Moreover, borrowing facilities by Central Bank on the submission of the
    documents. Such facilities are not provided to the non-scheduled banks.

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