SBI customers can use only Aadhaar to enrol in Atal Pension Yojana, other social security schemes
State Bank of India (SBI) has launched a new feature where its customers can enrol for various social security schemes using only their Aadhaar card number, the bank said in a press release on August 25, 2023. SBI customers do not need their passbooks or other documents to join social security schemes anymore, the public sector bank added.
“Customers visiting Customer Service Points (CSPs) of SBI will need only their Aadhaar to enrol in social security schemes.
The functionality does not require customers to carry passbooks to the CSP outlet for enrollment. SBI's advanced system simplifies and expedites the enrolment process making it faster and more convenient than ever before,” mentioned the release.
Customer Service Points (CSPs) of SBI are kiosks that facilitate SBI customers into doing certain transactions. The list of transactions that can be done at CSPs includes account opening, Aadhaar updation in a bank account, mobile number updation, cash deposit, cash withdrawals, and others.
Some of the popular social security schemes are: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY).
Dinesh Khara, Chairman of SBI, said, «Our goal is to empower every stratum of the society by removing the barriers that hinder access to financial security.
This technology-driven enhancement is a testament to SBI's commitment to improve financial inclusivity and social welfare through digitisation.»
“This dynamic step is expected to significantly enhance the coverage of social security schemes, ensuring that the advantages of these schemes are leveraged by the ones who need them the most. By reducing paperwork and simplifying processes, SBI aims to champion
