FINANCIAL INCLUSION

MORE UPDATE SOON

RBI POLICY AND INITIATIVES FOR FI: 

FINANCIAL INCLUSION MEANS ADD MORE PEOPLE WITH BANKING SYSTEM SOTHATGOVT CAN TRANSFER BENIFIT DIRECTLY TO THE CUSTOMERS ACCOUNT.IF PEOPLE CAN USE MAX AMOUNT FOR THEIR NEED THEN AFTER SOME TIME THEY BECOME PERFORMING FOR OUR COUNTRY.

NO FRILLS ACCOUNT(WHICH IS CONVERTED TO BSBDA ACCOUNT IN 2012).

BSBDA (BASIC SAVING BANK DEPOSIT ACCOUNT):OPNED WITH ZERO BALANCE.

RELAXED AND SIMPLIFIED KYC NORMS: ONLY ONE ID AND ADDRESS PROOF

SIMPLIFIED BRANCH AUTHORIZATION POLICY: LESS DOCUMENTATION.

COMPULSORY REQUIREMENTS OF OPENING BRANCHES IN UN-BANKED VILLAGES

FINANCIAL LITERACY CENTER: MAKE THEM AWARE ABOUT HOW TO INVEST ,SAVE AND USE OF LOAN MONEY.

LICENCING OF NEW BANK: INTRODUCE NEW BANK FOR GREATER REACH TO PEOPLE.

ATM NETWORK: ACCESSABLE TO ALL PEOPLE.

MOBILE BANKING: FOR FAST FUND TRANSFER.

EBT (ELECTRONIC BENEFIT TRANSFER): MONEY DIRECTLY SEND TO ACCOUNT.

WHITE LEVEL ATM: ATM SET UP BY NBFC (NON BANKING FINANCIAL COMPANIES.)

SHG BANK  LINKAGE ( SELF HELF GROUP): GROUP OF SOME PEOPLE ,WHO GET EASY LOAN FO COMMON EMPOWERMENT.

PRADHAN MANTRI JAN DHAN YOJANA  :INITIATIVE TAKEN BY GOVT FOR FINANCIAL INCLUSION. 


MOTIVES :

BANKING ,CREDIT , INVESTMENT AND INSURENCE FOR ALL PEOPLE.