Digital Banking Units

On 16th October, 20222, the Prime Minister dedicated 75 Digital Banking Units (DBUs) across 75 districts to the nation.

• As of now, each of the 29 States and eight Union Territories has got at least one DBU. Karnataka, Odisha, Rajasthan, Tamil Nadu and Uttar Pradesh have got four each, the maximum number of DBUs in a State.

About Digital Banking Units (DBUs): These are specialised branches for delivering digital banking products and services.

Benefits: Widening the reach of Digital Banking Services

• Better Customer Experience: This will give customers cost-effective/convenient access and enhanced digital experience of products and services.
• Digital Financial Literacy: It will help in providing digital financial literacy and create awareness for adopting digital banking.
• Robust Digital Infrastructure: It will empower digital services and provide a robust digital banking infrastructure for the country.