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The Agra Savings Fund (1842) was a bank founded in the year 1842 in British India. The bank became defunct in the year 1863 with the winding down of its operations. The bank was notable for being the twenty fifth oldest bank in India.

History

Founding

The Agra Savings Fund was founded in 1842 in Agra, India.

The bank largely served the customers of the United Provinces, which today corresponds to the Uttar Pradesh state of India.

Management

The bank was staffed by mostly British nationals who were drawn mainly from the East India Company. Elizabeth Jahans (a European Portuguese woman residing in India) was one of the directors of the bank.

The bank was headquartered in the Agra city in the United Provinces.

Final years

In 1862, the bank was on the verge of failure.

The bank was finally closed in the year 1863.

Legacy

The bank is notable for being the twenty fifth oldest bank in India.

The bank played a key role in the history of Banking in India.

See also

• Indian banking
• List of banks in India

References

1. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
2. "Indian Journal of Economics, vol. 10, July 1929". 1929.
3. ^ "Banking in India". 1863.
4. "Indian Journal of Economics, vol. 10, July 1929". 1929.
5. "Indian Columbus: The Banking Heritage Building of Madras". Indiancolumbus.blogspot.com. 7 January 2018.
6. "Elizabeth Jahans".
7. "Indian Journal of Economics, vol. 10, July 1929". 1929.
8. "Indian Journal of Economics, vol. 10, July 1929". 1929.
9. "Indian Journal of Economics, vol. 10, July 1929". 1929.
10. "Indian Journal of Economics, vol. 10, July 1929". 1929.
11. ^ "Reserve Bank of India - Museum". Rbi.org.in. 14 April 2015. Retrieved 15 February 2023.
12. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation - Mohan Prasad Shrivastava - Google Books. ISBN 9788131301593. Retrieved 15 February 2023.
13. ^ "Read Rich: Currency Used In India". Readrich.blogspot.com. 12 September 2011. Retrieved 15 February 2023.

External links

• History of the bank by the Reserve Bank of India
• Book by Charles Northcote Cooke
• Economic History

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• Defunct banks of India
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