Electronic benefit transfer Current Affairs, GK & News
The new RBI guidelines on Financial Inclusion have shifted the onus from “‘one district-many banks” to “‘one district-many banks-one leader bank“. The new operational guidelines are for the implementation of a transfer system (Electronic Benefit Transfer) for servicing low-value accounts and extending banking infrastructure to under-served low income areas. Here are a few notes: What ..
Category: Government Schemes Current Affairs
Topics: Banking • Banks • Economy • Electronic benefit transfer • Federal assistance in the United States • Financial inclusion • Financial services • Money • Payment systems • Reserve Bank of India • Supplemental Nutrition Assistance Program • Wire transfer