PM Modi dedicates 75 Digital Banking Units across 75 districts to the nation | Daily Current Affairs Dose

PM Modi dedicates 75 Digital Banking Units across 75 districts to the nation | Daily Current Affairs Dose

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is PM Modi dedicates 75 Digital Banking Units across 75 districts to the nation.

Our Daily Current Affairs Dose 2022 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams. 

PM Modi dedicates 75 Digital Banking Units across 75 districts to the nation | Daily Current Affairs Dose

75 Digital Banking Units across 75 districts to the nation: Prime Minister Narendra Modi dedicated 75 Digital Banking Units (DBUs) across 75 districts to the nation via video conferencing.

The Digital Banking Units (DBUs) will be brick and mortar outlets which will provide a variety of digital banking facilities to people such as opening of savings account, balance-check, print passbook, transfer of funds, investment in fixed deposits, loan applications, stop-payment instructions for cheques issued, apply for credit / debit cards, view statement of account, pay taxes, pay bills, make nominations, etc.

Read More: Govt authorizes SBI to issue and encash Electoral Bonds | Daily Current Affairs Dose

75 Digital Banking Units across 75 districts to the nation: Background

As part of the Union budget speech for 2022-23, the Finance Minister had announced the setting up of the 75 Digital Banking Units (DBUs) in 75 districts of the country to commemorate the 75 years of independence of our country.

75 Digital Banking Units (DBUs): Objective

The Digital Banking Units (DBUs) are being set up with an objective to ensure benefits of digital banking reach every nook and corner of the country and will cover all the States and Union territories. 11 Public Sector Banks, 12 Private Sector Banks and one Small Finance Bank are participating in the endeavour.

The Digital Banking Units (DBUs) will enable those who do not have ICT infrastructure to access banking services digitally. They will also assist those who are not tech savvy to adopt digital banking. 

In DBU, the products and services will be offered to customers in 2 modes:

• Self Service Mode
• Digital Assistance Mode

DBUs will be different from traditional branch in following aspects

• They will provide banking services including cash deposit & withdrawal 24 x 7.
• Services shall be provided digitally.
• People not having connectivity or computing devices can do banking transactions from DBU in a paperless mode.
• Bank staff will be available to help and guide users for banking transactions in assisted mode
• Will help in providing digital financial literacy and create awareness for adopting digital banking.

Important facts for upcoming exams from the above Current Affairs Topic

• President of India: Droupadi Murmu 
• Vice President of India: Jagdeep Dhankhar
• Prime Minister of India: Narendra Modi 
• Chief Justice of India: Uday Umesh Lalit 
• Lok Sabha Speaker of India: Om Birla 
• Capital of India: New Delhi 
• Largest city of India: Mumbai 
• Official languages of India: Hindi / English 
• Currency of India: Indian rupee (₹) (INR) 
• Total Population of India 2018 estimate: Neutral increase 1,352,642,280