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Prime Minister Narendra Modi recently dedicated 75 Digital Banking Units to the nation to commemorate the 75 years of the independence of the country.
These digital units will be brick-and-mortar outlets which will provide a variety of digital banking facilities to people such as the opening of savings accounts, balance-check, printing passbooks, transfer of funds, investment in fixed deposits, loan applications, stop-payment instructions for cheques issued, applications for credit and debit cards, tax and bill payment and nominations.
After 2014, when Narendra Modi took over as the Prime Minister of the country, the digital transactions have increased manifolds. It has brought down the |