State Bank of India (SBI) has started a new facility for the customers. Bank customers can enroll in various social security schemes using their Aadhaar card number. Information about this was given in the press note issued by the bank on 25 August. SBI customers do not need a passbook for registration in social security schemes.
Aadhaar card is required for registration
Now customers visiting SBI's Customer Service Centers (CSP) will need an Aadhaar card for registration in social security schemes. SBI's advanced system makes the registration process fast. This will make this work more convenient than before. It was told in the press note that SBI's Customer Service Center (CSP) are kiosk that provides the facility to SBI customers to do transactions.
Preferred Social Security Schemes
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Atal Pension Yojana (APY)
In this regard, SBI Chairman Dinesh Khara said that we aim to remove any kind of hindrance in access to financial security. After this step, the coverage of social security schemes is expected to increase significantly, which will ensure that the benefits of these schemes go to those who need them the most. The aim is to provide convenience to the customers by reducing the paperwork.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is life insurance. Account holders in the age group of 18 to 50 years can buy this policy. As per the website of the Department of Financial Services, it has a live cover of Rs 2 lakh and the annual premium is Rs 436. This premium is auto-debited from the bank account of any person.
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