- A digital banking unit is a specialized fixed point business unit or hub housing certain minimum digital infrastructure for delivering digital banking products and services.
- It will operate under retail banking division of the banks and will deliver new digital products and services and service existing financial products as well.
- Commercial banks (other than regional rural banks, payment banks and local area banks) with past digital banking experience are permitted to open DBUs in tier 1 to tier 6 centres
Products offers by Digital Banking Units
- Liability Products and Services
- Assets Products and Services
- Digital Service
Benefits of Digital Banking Units
- Financial Inclusion
- Light Banking Approach
- Improve financial Literacy
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