New Delhi. Prime Minister Narendra Modi on Sunday inaugurated a total of 75 digital banking units, including two digital banking units (DBUs) of Jammu and Kashmir, through video conference, saying that these units will expand financial inclusion and improve the banking experience of citizens. Will make it better
The Prime Minister said that the government, in its commitment to serve the underprivileged, has taken the initiative to take the banks to the homes of the poor. Referring to the direct benefit transfer so far to the beneficiaries of Rs 25 lakh crore, Modi said that one more installment of ‘PM Kisan’ scheme will be sent tomorrow.
The Prime Minister said that while ‘Fintech’ will bring about a paradigm shift in financial inclusion in the country, UPI has opened doors of new possibilities for India and ‘Vocal for Local’ will give a boost to the digital economy. Modi said India has achieved sustainable growth by using ‘digital banking’ instead of ‘phone banking’. In these digital banking units, customers will be able to open savings accounts, check their account balances, print passbooks, send money, invest in fixed deposits, apply for credit/debit cards and loans. (Language)
