Since banks need to settle transactions with each other occurring at various places in India they are allowed to open accounts with different regional offices of the Reserve Bank. The Reserve Bank also facilitates remittance of funds from a banks surplus account at one location to its deficit account at another. Such transfers are electronically routed through a computerized system called e-Kuber. The computerization of accounts at the Reserve Bank has greatly facilitated banks monitoring of their funds position in various accounts across different locations on a real-time basis.csrgk today monthly magazine
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