Financial Inclusion

SBI accumulated Rs 300 Cr in service charges imposed on withdrawals by Zero-Bal accounts IIT Bombay professor Ashish Das has done a study which revealed that SBI along with other banks has accrued Rs 300 cr over 5 years between 2015-20…

As PM Modi led BJP Govt. completes two years today, one of the financial inclusion schemes initiated 18 months ago by this Govt. has received raving appreciation all over. Pradhan Mantri Jan Dhan Yojana, launched in August, 2014 with…

Around 32% of India’s population are working under unorganized sector; which means that they don’t have provision to take any type of loan; they cannot take part in any social initiative and/or health related schemes. PM Modi is all…

Did you know that about half of Indians do not have a simple basic saving accounts. While the situation is improving, still millions are households in India still do not have any financial inclusion. There have been number of initiatives…

Mobile phones are increasingly playing an important role in imparting Banking services to Indians. Given the penetration of mobile phones in rural areas, mobile banking is playing an important role in bringing financial inclusion to…

Aadhar is now steadily going mainstream. According to the news on Hindu, Government has launched Saral Money, a type of a Debit Card, that will enable user to have  a Bank account instantly based on users Aadhar Card details. The KYC…

Bharti Airtel has partnered with Axis Bank to use combined forces of telecom and banking to offer financial inclusion (FI) to thousands of Indians who still don't have any access to banking. Called Airtel Money Super Account powered by Axis…

Mobile Banking is the future of financial transactions going forward - With over 800 million Indian users carrying mobile phones, it becomes an ubiquitous platform to push financial inclusion across the masses. It is expected that Mobile…

Financial Inclusion is defined as delivering banking facilities/financial services to all the people in a transparent and equitable manner at affordable cost. The ‘Committee on Financial Inclusion in India’ defined it as “the process…