Reserve Bank of India

The Reserve Bank of India (RBI) is like a big piggy bank for India. It is a special bank that is run by the government of India. It is called the "reserve bank" because it holds onto and manages a lot of money, sort of like how Mommy and Daddy keep money in their bank account. The RBI does this to make sure that there is enough money available in the country for people to use, like when you go to the store with your mom and dad and they use their debit/credit card to pay for things.

The RBI also has a really important job of keeping the economy of India stable. You know how your mommy and daddy say that they can't buy everything all of the time? This is because they need to make sure they are using their money wisely and not spending too much all at once. The RBI helps control how much money is in the country so it doesn't get too out of control like a runaway train. They do this by setting rules on how much money banks can lend out and how much companies can borrow.

The RBI also helps protect people's money by making sure that the banks are safe and secure. They check on banks to make sure they have enough money to give back to people who have deposited their money there. They make sure the banks are following all of the rules so that people's money is not lost or stolen.

So, in short, the Reserve Bank of India is like a big piggy bank that helps make sure there is enough money in the country for people to use, helps keep the economy stable, and keeps people's money safe.