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The earliest evidence of banking transactions in India comes from ancient texts and inscriptions, particularly from the Manusmriti and Arthashastra, as well as from archaeological findings. The Manusmriti, an ancient legal text, and Arthashastra, a treatise on statecraft by Kautilya (Chanakya), mention various forms of financial transactions, including loans and deposits. Additionally, inscriptions and coins from the Maurya and Gupta periods provide evidence of early banking practices in India.
The earliest evidence of Banking in India is found from the period of Vedic Civilization.