IDBI Bank is planning to open more than two lakh basic savings accounts as part of the recently floated national-level financial inclusion plan ‘Pradhan Mantri Jan Dhan Yojana’. The scheme aims to provide banking access to all citizens and also provide adequate credit to underprivileged sections of society.
Under the scheme, an account holder would be provided with passbook and a RuPay debit or ATM card which carries free accidental insurance cover of Rs 1 lakh, an overdraft of Rs 2,000 after satisfactory operation of the account for six months.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1,217 branches and 2,101 ATMs.
