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Regional Rural Banks in India

Regional Rural Banks (RRBs) were set up in 1975 under the Regional Rural Banks Act, 1976. They are region based rural lending institutions operating in different States of India. RRB has its shareholding as Central Government-50%, State Government- 15% and Sponsor Banks- 35%.

You can explore more about Gramin Banks in India, RRB bank in india or Regional Rural Banks List with their branches, IFSC code, MICR code etc with the help of different links given in the list below.

Find IFSC code of Regional Rural Bank, SWIFT code, MICR code and BSR code of Regional Rural Bank banks in India with the help of different links given below. Also find complete information of Regional Rural Bank, branch details including road direction and ATMs locations of Regional Rural Bank in India. You will get complete information of all India Regional Rural Bank.

Regional Rural Banks Function

  • Basic banking and financial services
  • Providing loans and advances mostly to small farmers
  • Disbursement of wages of MGNREGA workers
  • Locker facilities

Features of Regional Rural Banks (RRBs)

  • To meet the needs of Rural Population
  • To provide credit to small and marginal farmers agriculturists, labourers, small businessmen in rural area and artisans
  • Functioning area of RRBs is limited only to a specific region i.e. upto only few districts of a state
  • One of the objectives is to eliminate local or rural money lender who exploit poor rural population by lending money at very high interest rate
  • They offer loans and credit at very competitive and lower interest rates
  • They are established with a view to support ad supplement the workings of Co-operative Banks in India