Business Standard

SBI to enroll customers into social security schemes using Aadhaar

SBI Chairman Dinesh Khara unveiled the new feature that aims to make the process of enrolling in various social security schemes simpler

SBI, state bank of India

Photo: Bloomberg

Press Trust of India Mumbai

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The country's largest lender State Bank of India on Friday introduced a facility to allow customers to enrol in social security schemes by just furnishing an Aadhaar card.
SBI Chairman Dinesh Khara unveiled the new feature -- which will be available at the bank's Customer Service Points (CSPs) -- that aims to make the process of enrolling in various social security schemes simpler.
Customers visiting CSPs will need only their Aadhaar cards to enrol in schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana, the Pradhan Mantri Suraksha Bima Yojana, and the Atal Pension Yojana, the bank said in a statement.
Customers will no longer need to carry their passbooks to the CSPs for such purposes, it said.
The aim of the new feature is to empower every section of society by removing barriers for accessing financial security, Khara said, adding that this is expected to significantly widen the coverage of social security schemes.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Aug 25 2023 | 8:47 PM IST

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