Question

difference between scheduled and non scheduled banks​

Answer 1

Answer:

Major Difference between Scheduled Banks and Non-Scheduled Banks. A Scheduled bank is a banking company with a paid-up capital of Rs. 5 lakhs or more. ... Scheduled banks are those regulated by the Reserve Bank's second schedule, while non-scheduled banks are those not bound by the Reserve Bank's second schedule.

Answer 2

Answer:

The difference between Scheduled Banks and Non-Scheduled Banks is that Scheduled banks can take money from Reserve Bank of India, while non-scheduled banks cannot take any money from RBI. The cash reserve in a scheduled bank is kept with RBI, whereas a non-scheduled bank keeps the cash reserve itself.