Prime Minister Narendra Modi will dedicate two digital banking units of Jammu and Kashmir Bank to the nation via video conferencing on Sunday, officials said. He said that in order to deepen financial inclusion, the Prime Minister will on Sunday inaugurate 75 Digital Banking Units (DBUs) of various banks across the country, of which two belong to the Jammu and Kashmir Bank. Modi will also address the country on this occasion.

One of the two is SSI branch Lal Chowk There is Channi Rama branch in Srinagar and another in Jammu.

As part of the Union Budget 2022-23, the Finance Minister Nirmala Sitharaman To commemorate 75 years of India’s independence, it was announced to set up 75 DBUs in many districts of the country.

DBU is being set up to ensure that the benefits of digital banking reach every nook and corner of the country. Eleven banks in the public sector, 12 in the private sector and one small finance bank participating in the effort.

DBU will provide people with a variety of digital banking facilities such as opening a savings account, checking account balance, printing of passbook, money transfer, fixed deposit investment, loan application, application for credit or debit card, and bill and tax payment. .