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RBI said existing banks can open digital banking units to offer products and services in both self-served and assisted mode round-the-clock. In the Union Budget, the government announced the setting up of at least 75 such units in 75 districts to commemorate 75 years of the country's independence as 'Azadi ka Amrit Mahotsav'. According to the guidelines on the establishment of Digital Banking Units (DBUs), the products and services to be provided at a DBU include, opening of accounts, cash withdrawal and deposit, KYC updation, loans and complaint registrations. Digital banking units is a specialised fixed point business unit/hub housing certain minimum infrastructure for delivering digital banking products and services to ensure convenient and cost-effective banking for customers. Scheduled commercial banks having experience in digital banking are allowed to open DBUs in Tier 1 to Tier 6 centres without having the need to take permission from the RBI.
DRDA is located at :
Which scheme offers a financial subsidy for constructing and modernizing cold storage units in hilly and scheduled areas?
‘White Bud’ of maize is a deficiency symptom of
Who has given scarcity definition of economics?
Minimum Support Price (MSP) was introduced in India in which year?
Which app provides information on ornamental fish in eight Indian languages?
When was the Pradhan Mantri Matsya Sampada Yojana (PMMSY) launched?
What is the main purpose of buffer stock in India?
Which theory is generally included under micro economics?
I. Price Theory
II. Income Theory
III. Employment Theory
As per Final estimates of Foodgrain production 2023-24, what was the estimated total production of food grains in India?