Question

Describe the characteristics of regional rural bank.

Answer 1

Characteristics of regional rural bank:

• Regional rural back is also know as RRB.

• This is a type of commercial back.

• This type of commercial back is officially controlled by the government.

• They help citizens of our country and people who need money by some insurance or by financial services.

• These banks have several types of branches may are authorised in urban areas.

• These are type of public services but not private.

• This back is originated and also authorised by government of India (not outer countries).

These are just few of the features and characteristic of regional rural bank.

Answer 2

Answer:

Providing banking facilities to rural and semi-urban areas. Carrying out government operations like disbursement of wages of MGNREGA workers, distribution of pensions etc. Providing Para-Banking facilities like locker facilities, debit and credit cards, mobile banking, internet banking,UPI etc. Small financial banks.