Government asks state-owned banks to ensure one account per family

Government asks state-owned banks to ensure one account per family

NEW DELHI: The government has asked state- owned banks to ensure one account per family to facilitate direct transfer of subsidy under 32 central schemes.

In a communication to the public sector banks, the Department of Financial Services in Finance Ministry has asked them to use the latest voter list as a reference for verifying that every household has a bank account.

The banks have been asked that the families must have one account in a bank on Core Banking Solution and having NEFT facility.

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Source: Economic Times

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