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RBI and Banks Scale Up Doorstep Re-KYC Camps to Boost Financial Literacy

The three-month campaign running through September brings Re-KYC verification with social security scheme enrollment directly to rural and semi-urban Jan Dhan account holders

Overview

  • Over 2,000 participants attended the August 9 saturation camp in Tiruvallur district where 350 Jan Dhan account holders completed their Re-KYC without visiting bank branches
  • Indian Bank’s outreach model combines on-site identity verification with enrollment under PMJJBY and PMSBY to safeguard life and accident cover for low-income customers
  • In Raigad district a drive launched on July 1 provides Gram Panchayat-level Re-KYC services and scheme enrollment until September 30 to prevent account deactivation
  • RBI Deputy Governor Swaminathan Janakiraman said that true financial inclusion depends on empowering individuals through literacy as well as access
  • Indian Bank MD Binod Kumar and district officials such as Collector M Prathap reinforced the commitment to doorstep banking to broaden participation in economic growth