Nationwide Campaign To Open Bank Accounts Of All Workers: Govt

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The labour ministry said that it will launch a campaign with the department of financial services to open bank accounts of those workers in both organized and unorganized sectors, who do not have one even today.

Nationwide Campaign To Open Bank Accounts Of All Workers: Govt

After the recent demonetization, over the counter exchange of old notes is not permitted from November 25, 2016. Government is taking various measures to encourage digital payments and opening bank accounts for organized sectors.

Starting form 26th November 2016, special camps will be organized in every district at specific locations to facilitate the workers to open their bank accounts.

"We have already sent communications to all the state governments in this respect requesting their active cooperation." said Shri Bandaru Dattatraya.

The campaign will continue in the coming days through the concerned banks, their business correspondents and camps as required.

In order to facilitate financial inclusion and to ensure transparency in all financial transactions, the government launched its flagship scheme of Jan Dhan Yojna in September, 2014.

More than 25 crore bank accounts have been created since then across the country thereby linking the working class to the mainstream of financial /banking activities.
The DBT through this banking network has benefitted crores of poor citizens of the country.

Read more about: currency ban, banking
Story first published: Saturday, November 26, 2016, 11:48 [IST]
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