Multiple choice general knowledge

Which was the first bank in India to extend the savings bank facility?

  1. SBI

  2. UBI

  3. The presidency Bank, Calcutta

  4. Imperial Bank

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Presidency Bank, Calcutta (established 1806) was the first bank in India to offer savings bank facilities, pioneering this service among Indian banks and setting a precedent for retail banking in colonial India.