Banks asked to review activity levels in financial inclusion accounts

.......As per 2011 census, about 58.7 per cent households had reported availing of banking facilities. Out of the 24.69 crore households, 14.48 crore reported availing themselves of banking services. Nearly 10 crore households were not using the services. To promote financial inclusion, the Reserve Bank has asked banks to drop the ‘no—frills’ tag from the basic saving accounts as the nomenclature has become a stigma.

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