Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

FM Nirmala Sitharaman unveils doorstep banking services for PSBs

Nirmala Sitharaman

In a bid to offer convenient banking amid the outbreak of Covid-19, Union Finance Minister Nirmala Sitharaman launched doorstep banking services for public sector banks.

“At this stage, the catalysts for economic revival, the catalysts that have the pulse of every one of their customers, are banks,” said the finance minister. Financial services under Ease Reforms shall be made available from October 2020.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

Nirmala Sitharaman“Banks need to introspect on their core businesses,” said the minister after launching PSB Alliance-Doorstep Banking Services on Wednesday.

During the launch she said, “The rapid pace with which India has adopted Jan Dhan, Aadhar and mobile can be a lesson to other countries.”

Also Read:- CMS partner with banks to deliver cash at home

AdvertisementInfoComm India 2026

While speaking at the launch, the minister added that the lenders must reach out to the sections where banking has not been able to reach so far. She said that all bank staff should be well versed with the government schemes, to implemented via the lenders.

Sitharaman said that the services will be offered by the Doorstep Banking Agents appointed by the selected Service Providers at 100 centres across the country.

Customers of Public Sector Banks can avail the services at nominal charges. The services shall offer benefit to all customers, particularly the Senior Citizens and Divyangs who would be able to avail these services at ease.

These Ease Reforms would be providing services to the customers at their door step via universal touch points such as Call Centre, Web Portal or Mobile App. Customers can also track their service request through these channels.

The non-financial services under the reforms would be rendered vis-a-vis pick up of negotiable instruments (cheque/demand draft / pay order, etc.), pick up new cheque book requisition slip, request for account statement, delivery of non-personalised cheque book, delivery of pre-paid instrument / gift card and others are available to customers.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Razorpay Partners with OpenAI to Help Indian Brands Advertise on ChatGPT

Razorpay has partnered with OpenAI to help Indian brands explore advertising opportunities on ChatGPT, potentially opening a new… Read more →

GreyLabs AI Partners with Federal Bank to Deploy Voice AI Across Customer Interactions

GreyLabs AI has partnered with Federal Bank to bring Voice AI into everyday customer interactions, with applications spanning… Read more →

HDFC Bank Appoints V.N. Srivatsan as Chief Compliance Officer

HDFC Bank has appointed V.N. Srivatsan as its new Chief Compliance Officer (CCO) for a three-year term, effective… Read more →

ICICI Prudential Life Insurance Appoints Sidharatha Mishra as MD & CEO

ICICI Prudential Life Insurance Company Limited has appointed Sidharatha Mishra as Managing Director and Chief Executive Officer, effective… Read more →

NBFCs Account for 47% of New-to-Credit Consumer Originations: FIDC-TransUnion CIBIL Report

Mumbai, October 5, 2026: Non-Banking Financial Companies (NBFCs) have emerged as a major gateway to formal credit in… Read more →

Federal Bank Appoints Virat Diwanji as Executive Director

Federal Bank has appointed Virat Diwanji as Executive Director, effective October 12, 2026, following approval from the Reserve… Read more →

whatsapp--v1