He will also address the gathering on this occasion.
Finance Minister Nirmala Sitharaman In his budget speech for 2022-23, it was announced to set up 75 DBUs in 75 districts of the country to mark the completion of 75 years of the country’s independence.
The DBU is being set up to ensure that the benefits of digital banking reach every nook and corner of the country and cover all the States and Union Territories.
11 public sector banks, 12 private sector banks and one small finance bank are participating in this effort.
a PMO The DBUs will be brick-and-mortar outlets that will provide various types of digital banking facilities to the people such as opening savings accounts, balance-cheques, printing passbooks, transfer of funds, investment in fixed deposits, loan applications, the release said. Payment instructions for withholding-issued cheques, applications for credit and debit cards, tax and bill payments and enrollment.
The release said that DBU will enable customers to provide affordable, convenient access to banking products and services and a superior digital experience throughout the year.
it said they would spread digital financial literacy And there will be special emphasis on cyber security awareness and customer education on security measures.
Also, there should be adequate digital mechanism for real time assistance and redressal of customer complaints arising out of business and services offered by DBUs directly or through trade facilitators and correspondents.