Banking the unbanked is critical to India meeting its financial inclusion targets. However, the unspoken cost of opening a bank account is a deterrent for the poor. Did you know it can cost them as much as a day’s earnings? There are other pressures, such as long commutes to a bank branch and dealing with complex documentation. Financial inclusion isn’t just about the economy; it has social ramifications and so we must get it right. Please listen to the latest episode of All Indians Matter.
Banking the unbanked is critical to India meeting its financial inclusion targets. However, the unspoken cost of opening a bank account is a deterrent for the poor. Did you know it can cost them as much as a day’s earnings? Please listen to the latest episode of @allindianscount.