🇮🇳 Central Government Fun Facts 🧐
🏦 Fun Fact 1
The State Bank of India (SBI) is the oldest and largest public sector bank in India, founded in 1806 as the Bank of Calcutta.
💰 Fun Fact 2
India’s first ATM was installed by HSBC in Mumbai in 1987 — a game-changer for banking!
🧠 Fun Fact 3
The Reserve Bank of India (RBI) was established in 1935 and is the central authority of India’s financial system.
🌐 Fun Fact 4
India’s Unified Payments Interface (UPI) is one of the fastest and most efficient real-time payment systems globally!
📱 Fun Fact 5
Over 500 million Indians now use mobile banking — digital India in action!
👨💼 Fun Fact 6
Banks in India are classified into Scheduled and Non-Scheduled, under the RBI Act of 1934.
💳 Fun Fact 7
The Rupay card, launched by NPCI, is India’s answer to Mastercard and Visa.
🧾 Fun Fact 8
The Jan Dhan Yojana helped open over 480 million bank accounts for financial inclusion.
📈 Fun Fact 9
The Banking Regulation Act, 1949 gives RBI control over commercial banks in India.
🧠 Fun Fact 10
India’s first digital-only bank is Kotak 811, launched in 2017.
🏛️ Fun Fact 11
RBI prints currency notes — but coins are minted by the Government of India.
🕵️♂️ Fun Fact 12
RBI uses a tool called repo rate to control inflation and manage liquidity in the economy.
💹 Fun Fact 13
India's first female bank CEO was Arundhati Bhattacharya at SBI in 2013.
📉 Fun Fact 14
The NPAs (Non-Performing Assets) crisis triggered major reforms in India’s banking sector.
🌍 Fun Fact 15
India’s banking system is among the top 10 in the world in terms of reach and network.
🔐 Fun Fact 16
The Banking Ombudsman Scheme helps resolve customer complaints quickly and fairly.
👩💼 Fun Fact 17
Many banks now have women-only branches to support female financial empowerment.
🌱 Fun Fact 18
Indian banks support eco-initiatives — SBI launched a Green Car Loan for electric vehicles!
🧾 Fun Fact 19
Every bank account in India is linked with Aadhaar and PAN for better transparency.
💻 Fun Fact 20
With net banking, mobile apps, and UPI, you can do almost every banking task from your sofa! 🛋️📲