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 railway station Mumbai Central railway station Mumbai Central is a major railway station on the Western line, situated in Mumbai, Maharashtra in an area known by the same name. Designed by British architect Claude Batley, it serves as a major stop for both local and inter-city/express trains with separate platforms for them . It is also a terminal for several long distance trains including the Mumbai Rajdhani Express. Trains depart from the station connecting various destinations mostly across states in the northern, western and north-western parts of India. The Bombay Baroda Central India Rail organization has extended its reach from Baroda to