---
title: "In which year Reserve Bank of India was nationalized?"  
description: "In which year Reserve Bank of India was nationalized?"  
author: "Ahana Das"  
published: 2017-12-27  
canonical: https://answers.mindstick.com/qa/32079/in-which-year-reserve-bank-of-india-was-nationalized  
category: "current affair"  
tags: ["current affair"]  
reading_time: 1 minute  

---

# In which year Reserve Bank of India was nationalized?

In which year [Reserve Bank of India](https://answers.mindstick.com/qa/38191/name-the-former-governor-of-reserve-bank-of-india-rbi-who-authored-the-book-who-moved-my-interest-rate) was nationalized?

## Answers

### Answer by akriti kashyap

**Reserve [Bank Of India](https://answers.mindstick.com/qa/38370/the-union-cabinet-on-15-june-2016-approved-the-merger-of-state-bank-of-india-with-it-s-five-associate-banks-these-five-associate-banks-are)!**

![In which year Reserve Bank of India was nationalized?](https://answers.mindstick.com/questionanswer/c3fa7928-e6fd-45c6-a4cb-ca26c8c38af9/images/b64a1261-dcfe-43e5-9528-26f1fe0b1c5d.png)\

**1st January 1949**, was the day when the Nationalization of **Reserve Bank of India** was inaugurated.

Well, that happened due to the act of **Transfer to Public Ownership** by **Reserve Bank of India**, **1948** wherein, all the shares were transferred to the name of Central Government by handing over to them a handsome compensation.

\

## Cheers!


---

Original Source: https://answers.mindstick.com/qa/32079/in-which-year-reserve-bank-of-india-was-nationalized

Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.