PM Inaugurates 75 Digital Banking Units in 75 Districts

MUMBAI:
To commemorate and celebrate 75 years of India’s Independence, the Prime Minister, Narendra Modi dedicated 75 Digital Banking Units (DBU) in 75 Districts to the nation today. Bank of Baroda (Bank), one of India’s leading public sector banks, opened 8 DBUs as a part of these 75 DBUs launched by the PM. The 8 Bank of Baroda DBUs have been opened in Indore, Kanpur Dehat, Karauli, Kota, Leh, Silvassa, Vadodara and Varanasi.

All the services at the DBUs will be offered in a digital, paperless and completely secure manner. To cater to the needs and preferences of a vast cross-section of people, the DBU will provide services in two modes – 1) a Self Service Zone and 2) a Digital Assistance Zone that will provide assisted service.

The DBUs services being offered under self-service mode are available 24×7, 365 days a year. These services include cash withdrawals & deposits, account opening, opening of Fixed Deposit/ Recurring Deposit, availing Digital Loans, Passbook printing, balance enquiry, fund transfer and a host of other services.

Sanjiv Chadha, Managing Director & CEO, Bank of Baroda said, “In line with the Government of India’s vision for a Digital India, the Digital Banking Units being launched today will help more people access digital banking products and services conveniently & securely and will play a key role in promoting financial literacy and financial inclusion in a digital manner. At Bank of Baroda, we have been on a digital transformation journey and this far-reaching initiative will ensure that the benefits of digital banking reaches citizens across the length and breadth of our country.”