The earliest evidence of Banking transactions in India comes from __:
Q. The earliest evidence of Banking transactions in India comes from __:
Answer: Vedic Era
Notes: Earliest evidence of Banking in India is found from the period of Vedic Civilization. During those days, loan deeds called rnapatra or rnalekhya  were prevalent. Interest rates as well as usury was prevalent in Vedic India. The Vedic word Kusidin refers to an usurer.This term is also found in Manusmriti.

 

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