A Scheduled Bank is a bank ........

Indian Economy (Easy) Money and banking

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A Scheduled Bank is a bank:

having deposits of Rs. 100 crores and more

having paid up capital of Rs. 100 crores and more

having fixed deposits of Rs. 100 crores and more

listed in the Second Scheduled of the RBI Act

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Explanation:

Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. RBI in turn includes only those banks in this Schedule which satisfy the criteria laid down vide section 42 of the said Act.