RBI pushes usage of digital modes for banking transactions

As the nation enters lockdown 4.0, the banking regulator Reserve Bank of India (RBI) on Wednesday once again pushed the usage of digital modes for banking transactions.

RBI

Earlier this week, the National Disaster Management Authority (NDMA) announced lockdown 4.0 till May 31 to check curb the spread of coronavirus.

During this pandemic situation, the use of digital payment modes has become more significant as the ongoing nationwide lockdown, imposed for maintaining social distancing to check the spread of coronavirus, has restricted the movement of people.

In the campaign launched on a microblogging site, RBI stated that digital payment modes make it easier for people to conduct banking transactions while being safe at and at any hour of the day.

“Safe digital transactions can be done from the safety of your home,” the RBI’s campaign emphasised.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

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