What is meant by Scheduled Bank?

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Question:What is meant by Scheduled Bank?

1.A bank included in 2nd schedule of RBI Act

2.The bank incorporated under Banking Companies Act 1956

3.The bank functioning under provisions of Banking Reg. Act 1949

4.Bank issued a license by RBI mentioning therein that it is a scheduled bank

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  1. What is meant by Scheduled Bank?
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