JAIIB · PPB · Chapter 16

Financial Inclusion (FI) and Financial Literacy

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.

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Minimum balance?

Zero — true no-frills account

RuPay Debit Card?

Free of cost

Accidental insurance cover (RuPay card)?

₹1 lakh for accounts opened before 28.08.2018; ₹2 lakh for accounts opened on/after 28.08.2018

Life cover?

₹30,000 payable on death of beneficiary (subject to eligibility) — for accounts opened between 15.08.2014 and 31.01.2015

Overdraft (OD) facility?

Up to ₹10,000 (was ₹5,000 originally) after satisfactory operation of 6 months

Age for OD facility?

18–65 years (revised from earlier 18–60)

Deposit channels?

Branch, ATM, BC/CSP outlets, electronic credit (DBT, NEFT, IMPS, UPI)

DBT enablement?

Aadhaar seeding mandatory to receive Direct Benefit Transfers

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16a Ppb Financial Inclusion Financial Literacy 139 KB

Previous chapter Ancillary Services Next chapter Customer Service Guidelines

More chapters in Module A - General Banking Operations

1. Banker - Customer Relationship 2. AML / KYC Guidelines 3. Operational Aspects of KYC 4. Opening Accounts of Various Types of Customers 5. Operational Aspects of Deposit Accounts 6. Operational Aspects of Handling Clearing / Collection / Cash 7. Banker's Special Relationship 8. Foreign Exchange Remittance Facilities for Individuals 9. Operational Aspects of NRI Business 11. Cash Management Services and its Importance

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