Question

Which bank introduced the first savings account system in India?

• A. Bengal Bank
• B. Presidency Bank
• C. Central Bank of India
• D. HSBC

Answer 1

Answer:

B. Presidency Bank

Related facts

• India's first ISO certified bank- Canara Bank

• First bank in India to introduce savings account system - Presidency Bank (1830)

• First bank to introduce check system in India- Bengal Bank (1784)

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• Central Bank of India was the first bank in India to introduce credit card system

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