In a bid to deepen financial inclusion in the country, Prime Minister Narendra Modi will today dedicate 75 Digital Banking Units (DBUs) to the nation via video conferencing today. He will also address a gathering on the occasion, the Prime Minister’s Office said.
As part of the Union budget 2022-23, finance minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in 75 districts to commemorate 75 years of India’s independence from British rule.
The Digital Banking Units are being set up to ensure that the benefits of digital banking reach every nook and corner of the country. The DBUs will also cover all the states and the Union territories, the release said.
The brick and mortar DBU outlets will provide a variety of digital banking facilities to people such as opening of savings account, balance-check, print passbook, transfer of funds, investment in fixed deposits, loan applications, stop-payment instructions for cheques issued, apply for credit / debit cards, view statement of account, pay taxes, pay bills, make nominations, among others.
