PM Modi inaugurates 75 DBUs in the country

PM Narendra Modi has dedicated 75 Digital Banking Units (DBUs) across 75 districts. The Digital Banking Units will empower digital services and provide a robust digital banking infrastructure for the country.

The PM said, “As our country witnesses the success of another digital milestone today, I congratulate the collective efforts of our countrymen.” He further added that DBUs will improve banking and financial management, promote transparency and also promote financial inclusion.

Finance Minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in 75 districts of the country in her Union Budget speech for 2022-23, to commemorate India’s 75 years of independence. The DBUs are being set up with an objective to ensure benefits of digital banking reach every nook and corner of the country. It will cover all the states and Union territories.

Private sector lender ICICI Bank announced the launch of four DBUs in Dehradun city of Uttarakhand, Karur in Tamil Nadu, Kohima in Nagaland, and Puducherry. Jana Small Finance Bank launched two DBUs in Bihar and Jharkhand. HDFC Bank launched its units in Haridwar, Chandigarh, Faridabad, and South 24 Parganas of West Bengal.

There will be a 24X7 operational Digi Branch Kiosk, which will offer all services available on mobile banking apps. This will also have a digital interactive screen where customers can interact with a chatbot in order to find product offers and mandatory notices.

The Digital Assistance Zone will have branch officials to assist customers to undertake various financial and non-financial transactions such as the opening of savings accounts, current accounts, fixed deposits, recurring deposits, availing of home loans, auto loans, personal loan, applying for a credit card, and others, offered in a completely digital manner through a tablet device, using Aadhaar-based eKYC.