New Delhi: With a view to promote financial inclusion, Prime Minister Narendra Modi dedicated to sunday 75 digital banking units (DBU) to the nation.
Union Finance Minister Nirmala Sitharaman And reserve Bank of India (RBI) Governor Shaktikanta Daso Also attended the launching ceremony through virtual mode.
75 DBUs were established in 75 districts of the country to commemorate 75 years of independence of the country.
According to the Prime Minister’s Office (PMO), DBUs will be brick-and-mortar outlets that will provide various types of digital banking facilities to the people such as opening savings accounts, balance-cheque, printing passbooks, fund transfer, investment in fixed deposits, loan applications, stop-issued Application for check drawn, credit and debit cards, payment instructions for tax and bill payments and enrollment.
The PMO statement said that DBU will enable customers to provide affordable, convenient access to banking products and services and an enhanced digital experience throughout the year.
The DBU is being set up to ensure that the benefits of digital banking reach every nook and corner of the country and cover all the States and Union Territories. 11 public sector banks, 12 private sector banks and one small finance bank are participating in this effort.
It said they will spread digital financial literacy and have a special emphasis on cyber security awareness and customer education on security measures.
In addition, there should be adequate digital mechanism for real time assistance and redressal of customer complaints arising out of business and services offered by DBUs directly or through trade facilitators and correspondents.
Union Finance Minister Nirmala Sitharaman And reserve Bank of India (RBI) Governor Shaktikanta Daso Also attended the launching ceremony through virtual mode.
75 DBUs were established in 75 districts of the country to commemorate 75 years of independence of the country.
According to the Prime Minister’s Office (PMO), DBUs will be brick-and-mortar outlets that will provide various types of digital banking facilities to the people such as opening savings accounts, balance-cheque, printing passbooks, fund transfer, investment in fixed deposits, loan applications, stop-issued Application for check drawn, credit and debit cards, payment instructions for tax and bill payments and enrollment.
The PMO statement said that DBU will enable customers to provide affordable, convenient access to banking products and services and an enhanced digital experience throughout the year.
The DBU is being set up to ensure that the benefits of digital banking reach every nook and corner of the country and cover all the States and Union Territories. 11 public sector banks, 12 private sector banks and one small finance bank are participating in this effort.
It said they will spread digital financial literacy and have a special emphasis on cyber security awareness and customer education on security measures.
In addition, there should be adequate digital mechanism for real time assistance and redressal of customer complaints arising out of business and services offered by DBUs directly or through trade facilitators and correspondents.