SBI introduces Aadhaar-Based enrolment for social security schemes
Public sector lender State Bank of India has unveiled a Customer Service Points functionality that enables hassle-free enrolment for social security schemes through Aadhaar.
With this pioneering feature, customers visiting Customer Service Points (CSPs) will need only their Aadhaar to enroll in pivotal social security schemes i.e. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).
The functionality does not require customers to carry passbooks to the CSP outlet for enrolment. SBI's advance system simplifies and expedites the enrolment process making it faster and more convenient than ever before.
Speaking on the occasion, Dinesh Khara, Chairman, SBI, said, "Our goal is to empower every stratum of the society by removing the barriers that hinder access to financial security. This technology driven enhancement is a testament to SBI's commitment to improve financial inclusivity and social welfare through digitization."
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
PM Modi wishes Mallikarjun Kharge 'speedy recovery' after pacemaker implant procedure
Pahalgam terror attack revealed India's true friends, says RSS chief Mohan Bhagwat hailing Op. Sindoor
India reduce West Indies to 90-5 at lunch on day 1 of first Test
Classical singer and Padma Vibhushan awardee Chhannulal Mishra dies at 89
