Big news! Another new bank opened, these facilities will be available sitting at home with more interest, details here

Big news! Another new bank opened, these facilities will be available sitting at home with more interest, details here

Unity Small Finance Bank: The country has got another new small finance bank. According to the information given by the Reserve Bank of India, another new bank has opened in the country. The name of this bank is Unity Small Finance Bank. This new bank has started functioning from 1st November i.e. Monday. Let us tell you that there are already many small finance banks in the country.

Any bank opened after 6 years

Many small finance banks are already open in the country. These include Ujjivan Small Finance Bank, Jana Small Finance Bank, Equitas Bank, AU Small Finance Bank, Utkarsh Small Finance Bank and Suryodaya Small Finance Bank. After about 6 years, a license has been issued to a new small finance bank.

These banks work under the supervision of RBI

Let us tell you that small finance banks also work like other banks. In this bank also your money is deposited like any other bank. These banks also work under the supervision of the Reserve Bank of India. This is the reason why an amount up to Rs 5 lakh in a small finance bank is insured under the Deposit Insurance Program of the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Unity Small Finance Bank: The country has got another new small finance bank. According to the information given by the Reserve Bank of India, another new bank has opened in the country. The name of this bank is Unity Small Finance Bank. This new bank has started functioning from 1st November i.e. Monday. Let us tell you that there are already many small finance banks in the country.

Any bank opened after 6 years

Many small finance banks are already open in the country. These include Ujjivan Small Finance Bank, Jana Small Finance Bank, Equitas Bank, AU Small Finance Bank, Utkarsh Small Finance Bank and Suryodaya Small Finance Bank. After about 6 years, a license has been issued to a new small finance bank.

These banks work under the supervision of RBI

Let us tell you that small finance banks also work like other banks. In this bank also your money is deposited like any other bank. These banks also work under the supervision of the Reserve Bank of India. This is the reason why an amount up to Rs 5 lakh in a small finance bank is insured under the Deposit Insurance Program of the Deposit Insurance and Credit Guarantee Corporation (DICGC)…Read more>>

 

Source:-businessleague

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