With large parts of the country still out of banking facilities,the Reserve Bank is taking the message of financial inclusion to the masses by asking them to open bank accounts and avail the facility of ATMs. At an event last week in a city village,rural folks were explained how to check whether a currency note is genuine or not. As part of its Platinum Jubilee celebrations RBI has taken up initiative to explain the masses the role and functions of the apex bank,the importance of the central bank in the day to day life of a common man. Ranikhera was chosen for the outreach activity as there is no bank branch in the village and inauguration of an ATM would cater to the needs of around 80,000 villagers,living in and around the village through cluster approach. Stressing on the commitment of the central bank to the mission of greater financial inclusion and the role of financial literacy in achieving financial inclusion,RBI Executive Director H R Khan explained the advantages of having a bank account and the role of banking correspondents in achieving greater financial inclusion thus ultimately contributing to inclusive growth.
