Which was the first Indian bank to introduced credit card?
Rachel Davis
Updated on January 30, 2026
Central Bank of India
Central Bank of India was the first Bank to introduce credit cards in India.
What was the first debit card?
Introduced in the early 1980s, the first debit cards were called “ATM cards” because their sole function was to enable bank customers to withdraw cash from their bank accounts using ATMs. The original ATM cards could not be used to make retail purchases.
When did RTGS come into use in India?
March 2004
Real-Time Gross Settlement (RTGS) system was introduced by RBI in March 2004.
Which is the first bank to introduce credit card in India?
★ Bengal Bank, established in 1784, was the first bank to introduce cheque system. ★ ICICI Bank was the first Indian bank to provide internet banking facility. ★ First bank to introduce ATM in India was HSBC in 1987, Mumbai. ★ Central Bank of India was the first public bank to introduce Credit card. ★ ICICI is the first bank to provide mobile ATM.
Which is the first public bank in India?
• ICICI Bank was the first Indian bank to provide internet banking facility. • First bank to introduce ATM in India was HSBC in 1987, Mumbai. • Central Bank of India was the first public bank to introduce Credit card. • ICICI is the first bank to provide mobile ATM.
Which is the First Savings Bank in India?
★ Savings account system in India was started by Presidency Bank, 1833. ★ Bengal Bank, established in 1784, was the first bank to introduce cheque system. ★ ICICI Bank was the first Indian bank to provide internet banking facility. ★ First bank to introduce ATM in India was HSBC in 1987, Mumbai.
Which is the first nationalized bank in India?
★ Union Bank of India (UCO) bank was inaugurated by Mahatma Gandhi in 1919. ★ The Reserve Bank of India was instituted in 1935. ★ The first bank in India with an ISO Certification is Canara Bank. ★ The first time banks were nationalized in India was on 19 July, 1969.
