The correct answer is Mumbai. The headquarters of RBI is located in Mumbai, Maharashtra. ?Additional Information Reserve Bank of IndiaUnder the jurisdiction of the Ministry of Finance. Functions of RBI include:Issue of Bank NotesBanker to Government i. e. manages the banking needs of the governmentRepresents the Government of India as a member of the IMF and the World Bank. Custodian of Cash Reserves of Commercial BanksCustodian of Countrys Foreign Currency ReservesLender of Last Resort. Controller of Credit i. e. Managing money supply (Liquidity)General information about RBIHeadquarters- MumbaiGovernor- Shaktikanta Das (as of March 30 2021)Established on 1 April 1935 in Kolkata. Moved to Mumbai in 1937. Ministry of FinanceFinance Minister- Smt Nirmala Sitharaman (as of March 30, 2021)Minister of State- Shri Anurag Singh Thakur (as of March 30, 2021)Finance Secretary- Dr. Ajay Bhusan Prasad Pandey (as of March 30, 2021)