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