SBI launches Aadhaar-based enrolment for social security schemes. Details here
Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY). The functionality does not require customers to carry passbooks to the CSP outlet for enrolment.
SBI's advanced system simplifies and expedites the enrolment process making it faster and more convenient than ever before," SBI said in a statement. The aim of the new feature is to empower every section of society by removing barriers to accessing financial security, Khara said, adding that this is expected to significantly widen the coverage of social security schemes, the bank said in a statement.
State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. As of June 2023, the bank has a deposit base of over Rs.
45.31 lakh crore with a CASA ratio of 42.88% and advances of more than Rs. 33 lakh crore.
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