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IDBI Bank opens more than 3.62 lakh basic savings accounts

New Delhi: IDBI Bank on Thursday said it has participated towards meeting the goals under the ‘Pradhan Mantri Jan Dhan Yojana’ to mobilize Basic Savings Bank Deposit Accounts (BSBDAs), promote financial literacy and meeting comprehensively the objective of financial inclusion.

Under this plan, each account holder is being provided with passbook and RuPay Debit/ATM card which carries free accidental insurance cover of Rs.1 lakh and an overdraft facility of Rs. 2000.

IDBI Bank opened more than 3.62 lakh basic savings accounts under this plan, as against a targeted number of 2 lakh accounts and held camps at more than 6800 locations across the length and breadth of the country.

Speaking on the occasion, M. S. Raghavan, Chairman & Managing Director, IDBI Bank commented, “True to our DNA of being a partner in national progress, IDBI Bank has proactively and aggressively participated in the ‘Pradhan Mantri Jan Dhan Yojana’, a national mission which will ensure access to banking services to all citizens and adequate credit to the underprivileged section of the society, paving the way for inclusive growth. Last few days, our branches across the country have been campaigning 24×7 to meet objectives under this National Mission. We take pride in the fact that we have far surpassed our target through dedicated efforts.”

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