India’s Ram Ram Bank Gives Whole New Meaning to Banking

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It has no guards, no locks, offers no interest or credit schemes, and doesn’t event deal in money. Still, India’s unusual Ram Ram Bank, in New Delhi, serves over 5,000 happy customers, with more signing up every day.

Ram Ram Bank was established 25 years ago, by Tewari, a retired school teacher from Sitapur, who quit his job in 1983, after his guru advised him to devote his life to Lord Ram. He got the idea of opening a bank where people could deposit their “Ram naam” (pieces of paper with the Lord’s name scribbled hundreds of times). He didn’t need any security, since the writings were of no use to mere mortals, and all he had to do was deposit them and ocasionally take them to be displayed at a temple in Ayodhya, the birthplace of Ram.

Scribbling Ram naam notes has always been very popular in India. Some people say it helps them connect with God, others say the faith helps them work harder to achieve their goals, but all of them claim that writing Ram’s name just makes them feel better. In the past, everyone who wrote these holy notes traveled to Ayodhya themselves and deposited them at the temple, but in this day and age fewer people find the time to do it anymore. That’s where the Ram Ram Bank comes into play. All a person has to do is write his Ram naams every day and send them straight to the bank, or hand them over to one of the many volunteers around the city, at their own convenience.The pieces of paper are deposited in a small room, and taken to Ayodhya every six months.

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