| Company type | Public sector |
|---|---|
| Industry | Banking,Insurance,Capital Markets and allied industries |
| Founded | 1 April 1833 (1833-04-01) as The Government Savings Bank (1833) |
| Defunct | 31 March 1843 (1843-03-31) |
| Fate | Liquidated |
| Headquarters | , |
Number of locations | Bengal Presidency |
Area served | India |
| Products | Deposits,Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes,SME Banking Schemes |
| Services | Banking, Trade Finance |
The Government Savings Bank (1833) was an Indian bank founded in 1833 inBritish India and operated until it was liquidated in 1843. The bank was thefifteenth oldest bank in India.[1]
The bank was founded in 1833 inKolkata. Two more branches were opened at Bombay (Mumbai) and Madras (Chennai) in 1833 and 1834 with maximum deposit limit of Rs 500 at 4 per cent interest.[2][3]
The bank played a major role in the early economic history ofEast Bengal andBangladesh.[4]
The bank had its branches in each of the threePresidencies of British India: Bombay, Madras and Bengal (Calcutta). These branches were later merged into a single entity.[2][3]
The bank was finally closed and liquidated in 1843.[2][3]
The bank is notable for being thefifteenth oldest bank in India.[1]
The bank was the spiritual predecessor of theIndia Post Payments Bank.[5]
