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DARPAN - financial inclusion of rural population
December 22 , 2017
2559 days
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- Ministry of communications has launched DARPAN (Digital Advancement of Rural Post Office for A New India) aimed at realising financial inclusion of un-banked rural population.
- DARPAN offers core banking services such as cash deposit in savings bank (SB) and recurring deposit (RD), withdrawal from SB, new account opening for SB and RD, higher value withdrawal, mini statement, and daily transaction report.
- The project will increase the rural reach of the Postal Department and enable post offices to increase traffic of all financial remittances, savings accounts, Rural Postal Life Insurance, and Cash Certificates among others.
- so far, 43,171 Branch Post Offices have migrated under the 'DARPAN' project and it will also aim to improve mail operations processes.
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