the India Story - Postal Financial Inclusion

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Financial Inclusion: The Way ForwardMajor Constraints• Opening of Bank Accounts-KYC requirements• Access & Delivery Mechanism• Transaction Cost• Financial Literacy
Emerging Solutions• Unique ID (UID) to be given for every Indian will eliminate need for KYC• Recent RBI recommendations on Kirana shops and STD PCOs to beused as Banking Correspondents to facilitate access and delivery• Technology giants and banks to exploit the rapidly growing mobilephone market in India ( currently around 450 million and growing at therate of 15 million a month) to facilitate safe mobile banking• Financial Literacy and Credit Counselling Centres to be set up bybanks to facilitate comprehensive information on financial servicesthrough single window
Page 2 and 3: Financial Inclusion : Definition“
Page 4 and 5: Inclusive Growth & Financial Inclus
Page 6 and 7: Inclusive Growth & Financial Inclus
Page 8 and 9: Population Per Bank Branch (SCBs)En
Page 10 and 11: Access to Savings AccountsSavingsNo
Page 12 and 13: No-Frills Accounts - Banks’ Progr
Page 14 and 15: • Number of Kisan Credit Cards -
Page 18 and 19: Post Office Savings Bank• Apart f
Page 20 and 21: Financial Inclusion: India Post•
Page 22: Thank You

the India Story - Postal Financial Inclusion

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