List of Scheduled and Non-Scheduled Banks in India

Running your finances smoothly means knowing which banks operate in India and what types they are. In India, banks are mainly of two types. They are scheduled banks and non-scheduled banks. Knowing the difference between them matters to you. It is important to know because it affects the services they offer, how safe your money is, and their access to RBI support.

As of today, there are about 121 scheduled commercial banks and 4 non-scheduled banks in India, as per RBI data in 2025. Scheduled banks follow all RBI rules and can use all central bank services. Non-scheduled banks are smaller and have limited access to RBI facilities. They are usually local or cooperative banks.

Let’s explore the list of scheduled and non-scheduled banks in India. Here you will get to see their features and guidance on which one might suit your needs.

What Are Scheduled Banks in India

Scheduled banks are banks listed under Section 42(6) of the Reserve Bank of India Act, 1934. They follow rules set by the RBI, like keeping a minimum capital and reserves. Because of this, scheduled banks get benefits such as:

• Access to RBI refinance facilities
• Ability to participate in RBI clearing and settlement systems
• Greater credibility and reliability for depositors

Scheduled banks can be public sector banks, private sector banks or foreign banks operating in India. So it is important for you to know about the list of scheduled banks in India.

What Are Non-Scheduled Banks in India

Non-scheduled banks are banks that are not included in the RBI’s Second Schedule. They do not meet all the criteria required for scheduled banks and therefore:

• Have limited access to RBI facilities
• Often serve local or niche markets
• May include small cooperative banks or local area banks (LABs)

Non-scheduled banks are fewer in number but still play a role in providing banking services to specific communities or regions. So it is important for you to know about the list of non-scheduled banks in India.

Scheduled vs Non-Scheduled Banks

Here are the differences between scheduled banks and non-scheduled banks:

List of Scheduled Banks in India

Here is the list of scheduled banks you can explore. It includes the top public sector, private sector, and foreign banks:

These banks are considered a list of scheduled banks under the RBI because they meet the RBI criteria, have reliable access to central bank facilities, and provide comprehensive banking solutions.

List of Non-Scheduled Banks in India

Here is the list of non-scheduled banks you can explore:

The list of non-scheduled banks in India is much shorter and often serves local or specialised markets. You can still explore them, but their reach and RBI access are limited compared to the scheduled commercial banks list.

Key Benefits of Banking with Scheduled Banks in India

When you choose from the list of scheduled banks, you enjoy several advantages:

• Safety and Reliability: They follow RBI guidelines and have stronger financial health.
• Wider Branch and ATM Network: Making it easier to access your money anywhere.
• Digital and International Services: Many scheduled banks offer NRI accounts, forex, and global banking solutions.
• Loan and Investment Options: You get easier access to personal, business, home, and professional loans through fintech platforms.
• Regulatory Oversight: Your deposits are safeguarded under RBI regulations.

Key Benefits of Banking with Non-Scheduled Banks in India

When you choose from the list of non-scheduled banks in India, you can enjoy advantages like:

• Local Focus and Personalised Service: Non-scheduled banks often operate in specific regions, so you get more attention and customised services.
• Flexible Lending Options: They can offer loans and credit to local businesses and individuals that may not meet large bank criteria.
• Support for Small Communities: They help finance small businesses, cooperatives and rural development projects.
• Quick Decision-Making: Smaller scale and local operations allow faster approvals for loans and services.
• Closer Customer Relationship: You often get easier access to bank officials and more personalised assistance compared to larger banks.

How My Mudra Can Help You Choose from the List of Scheduled and Non-Scheduled Banks in India

If you are exploring the list of scheduled and non-scheduled banks in India, My Mudra makes it easy for you. We help you:

• Compare top banks in one place
• Check updated lists of public, private, and foreign banks
• Understand which bank offers services that fit your needs, whether it’s loans, accounts, or investment options
• Apply online for loans like business loans, personal loans, home loans, or professional loans
• Access trusted banks and NBFC partners without visiting multiple branches

Summarising

Understanding the list of scheduled and non-scheduled banks in India is important for you. It helps you make informed choices for your finances. Scheduled banks give you safety, a wide reach and access to modern banking services. From non-scheduled banks, you can get niche or regional needs.

Knowing the list of non-scheduled banks in India and the list of scheduled banks in India is important for you. It helps you make an informed decision on which bank you need to choose.

Whether you are looking for a personal loan, home loan or business loan, we help you bridge the gap between you and top banks or NBFCs in India.

Also Read:
- Difference Between Scheduled and Non Scheduled Banks in India
- Are Instant Loans Without Documents Safe in 2025?