SBI Aadhaar Enrollment: SBI is still the largest bank in the country in terms of customers. The introduction of this new facility is going to benefit crores of people across the country.
The country’s largest public sector bank SBI has started a new facility for its crores of customers. The benefit of this facility will be given to those customers who want to enroll in any social security scheme. The new facility has made it easier and faster for SBI customers to join the social security scheme.
Facility will be available on SBI’s CSP
State Bank of India started this facility on 25 August. It was started by SBI Chairman Dinesh Khara. Under this, SBI customers can register in social security schemes through Aadhaar. This facility will be available for all the customers of SBI at the customer service points of the bank i.e. all CSPs.
Now there will be no need of passbook
While introducing the new facility, Chairman Khara said that it aims to ease the process of registration in various social security schemes. The bank informed that customers will have to visit customer service centers for registration in schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana. Only Aadhaar card will be required to be carried. Customers will no longer need to carry passbook at CSP for these works.
Chairman Khara has this hope
SBI Chairman Khara said that the objective of the new facility is to empower every section of the society by removing obstacles coming in the way of achieving financial security. With this, the scope of social security schemes is expected to increase significantly.
SBI’s dominance in the market
SBI is currently the largest public sector bank in the country. Leaving aside market capitalization, SBI is ahead of all other banks in terms of assets, deposits, branches, customers and employees etc. In terms of market capitalization, SDFC Bank has overtaken SBI after the recent merger. According to the data till June 2023, SBI has total deposits of more than Rs 45.31 lakh crore, while it has distributed lots of more than Rs 33 lakh crore.
