What are Digital Banking Units? What are the transactions you can do at a DBU?
The setting up of 75 DBUs in 75 districts of the country was done to commemorate the 75 years of independence of the country.
In a measure aimed at deepening financial inclusion, Prime Minister Narendra Modi on Sunday inaugurated 75 Digital Banking Units across 75 districts. The DBUs are being set up to ensure that the benefits of digital banking reach every nook and corner of the country. Eleven banks in the public sector, 12 in the private sector and one Small Finance Bank are participating in the endeavour.
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