Prime Minister Narendra Modi inaugurates 75 Digital Banking Units (DBU) throughout 75 districts

The Bank of Baroda, founded on July 20, 1908 by Sir Maharaja Sayajirao Gaekwad III, is one of India's premier commercial banks.

Prime Minister Narendra Modi inaugurates, Bank of Baroda Opens 8 of the DBUs

Today, the Honourable Prime Minister, Shri Narendra Modi, dedicated 75 Digital Banking Units (DBU) across 75 districts to commemorate and celebrate India’s 75th year of independence.

As part of the 75 DBUs inaugurated by the Honourable PM, Bank of Baroda (Bank), one of India’s premier public sector banks, opened 8 DBUs in Indore, Kanpur Dehat, Karauli, Kota, Leh, Silvassa, Vadodara, and Varanasi.

All services provided by the DBUs will be digital, paperless, and entirely secure. To meet the requirements and desires of a diverse range of people, the DBU will offer services in two formats: 1) a self-service zone and 2) a digital assistance zone that will offer supported service.

The DBUs’ self-service services are available 24 hours a day, 365 days a year.

Cash withdrawals and deposits, account opening, Fixed Deposit/Recurring Deposit opening, Digital Loans, Passbook printing, balance inquiry, fund transfer, and a variety of additional services are available.

“In line with the Government of India’s vision for a Digital India, the Digital Banking Units being launched today will help more people access digital banking products and services conveniently and securely, and will play a key role in promoting financial literacy and financial inclusion in a digital manner, We have been on a digital transformation path at Bank of Baroda, and this far-reaching project will ensure that the benefits of digital banking reach individuals across our country.”

said Shri Sanjiv Chadha, Managing Director and CEO of Bank of Baroda.

About Bank of Baroda

The Bank of Baroda, founded on July 20, 1908 by Sir Maharaja Sayajirao Gaekwad III, is one of India’s premier commercial banks.

The Government of India controls 63.97% of the company. The bank serves its 150 million global customers through over 46,000 touchpoints distributed across 17 countries and five continents.

Its cutting-edge digital banking platforms deliver all banking goods and services in an efficient and hassle-free manner.

The freshly introduced bob World mobile app combines saves, investing, borrowing, and shopping experiences into an one app.

The software also assists non-customers by allowing account opening via video KYC. The vision of the bank corresponds to its varied clientele base and instils trust and security. 
It is moving well in that direction, and bob World is a testimony of its roadmap toward Digital Transformation.
This article was shared with Prittle Prattle News as a Press Release.
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