It was stated that they would promote digital financial literacy and that a focus would be placed on educating customers about cybersecurity knowledge and precautions.
Digital Desk: Prime Minister Narendra Modi dedicated 75 Digital Banking Units (DBUs) to the nation on Sunday with the intention of promoting financial inclusion.
Both Reserve Bank of India (RBI) Governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman participated in the inaugural ceremony online.
To honour the nation's 75 years of independence, 75 DBUs were established in 75 districts around the nation.
According to the Prime Minister's Office (PMO), DBUs will be brick-and-mortar outlets where people can open savings accounts, check their account balances, print passbooks, transfer money, invest in fixed deposits, apply for loans, stop payment instructions for issued checks, apply for credit and debit cards, pay taxes and bills, and make nominations.
According to the PMO statement, DBUs will give customers year-round access to more affordable, practical banking goods and services through enhanced digital experiences.
The DBUs are being established to make sure that the advantages of digital banking are available in every state and union territory as well as in every nook and cranny of the nation. Eleven banks from the public sector, 12 from the private sector, and one from the small finance sector are involved in the project.
It was stated that they would promote digital financial literacy and that a focus would be placed on educating customers about cybersecurity knowledge and precautions.
Additionally, there must be sufficient digital methods to offer in-the-moment support and address client complaints resulting from products and services provided by DBUs directly or via intermediaries and correspondents.
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