Reserve Bank of India on 8 November 2016. Earlier 1000 notes have been discarded by RBI. Reserve Bank of India also works as a central bank where commercial banks are account holders and can deposit money. RBI maintains banking accounts of all scheduled banks. Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, bank rate and open market operations. As banker's bank, the RBI facilitates the clearing of cheques between the commercial banks and helps the inter-bank transfer of funds. It can grant financial accommodation to schedule banks. It acts as the lender of the
Mumbai Central - Valsad Fast Passenger halts of the train are: The train has standard ICF rakes with max speed of 110 kmph. The train consist of 10 coaches : Both trains are hauled by a Valsad Loco Shed based WAG-5P or Vadodara Loco Shed based WAP-4E electric locomotive from Mumbai to Valsad and vice versa. Mumbai Central - Valsad Fast Passenger The Mumbai Central - Valsad Fast Passenger is a passenger train belonging to Western Railway zone that runs between Mumbai Central and Valsad. It is currently being operated with 59023/59024 train numbers on daily basis. Flying Ranee and this Passenger are only Non-AC Double