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Prime Minister Narendra Modi to dedicate how many Digital Banking Units (DBUs) to the nation on 16th October 2022?
A)
50 Digital Banking Units (DBUs)
B)
65 Digital Banking Units (DBUs)
C)
75 Digital Banking Units (DBUs)
D)
100 Digital Banking Units (DBUs)

Correct Answer :   75 Digital Banking Units (DBUs)


Prime Minister Narendra Modi will dedicate 75 Digital Banking Units (DBUs) to the nation on 16 October 2022.
 
* “As part of the Union budget speech for 2022-23, the finance minister had announced the setting up of the 75 Digital Banking Units (DBUs) in 75 districts of the country to commemorate the 75 years of independence of our country.

* The Digital Banking Units (DBUs) are being set up with an objective to ensure benefits of digital banking reach every nook and corner of the country. It will cover all the states and Union territories," the Prime Minister’s Office said in a statement.
 
* Eleven public sector banks, 12 private sector banks and one small finance bank is participating in the endeavour.

* DBUs will be brick and mortar outlets which will provide a variety of digital banking facilities such as opening savings accounts, 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, etc.
 
* “The DBUs will enable customers to have cost effective, convenient access and enhanced digital experience of banking products and services all-round the year. They will spread Digital Financial Literacy and special emphasis will be given to customer education on cyber security awareness and safeguards"..

Source : Mint

Published On : October 15, 2022
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