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 Chennai Mail from Mumbai CSMT up to Pune handing over to a Pune based WDM 3A locomotive until Wadi following which a Royapuram based WAP 4 powers the train for the remainder of the journey until Chennai Central. It runs on a daily basis. It shares its rake with the 11041/11042 Mumbai CSMT Chennai Central Express Mumbai Chennai Mail The 11027 / 11028 Mumbai CSMT Chennai Central Mail is a train belonging to Indian Railways - Central Railway zone that runs between Mumbai CSMT & Chennai Central in India. It operates as train number 11027 from Mumbai CSMT to Chennai Central and