Social Security Scheme: The country’s largest government bank SBI has started a new facility for its crores of customers. The benefit of this facility will be given to those customers who want to enroll in any social security scheme. The new facility has made it easier and faster for SBI customers to join the social security scheme.

State Bank of India has started this facility on 25 On August It was started by SBI Chairman Dinesh Khara. Under this, SBI customers can register in social security schemes through Aadhaar. This facility will be available for all SBI customers at all CSPs i.e. customer service points of the bank.

Passbook will no longer be required

Introducing the new facility, Chairman Khara said That it aims to ease the process of registration in various social security schemes. The bank informed that customers will have to visit customer service centers for registration in schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana. Only Aadhaar card will be required to be carried. Customers will no longer need to carry passbooks to CSPs for these purposes.

SBI Chairman Khara said the new facility is aimed at achieving financial security. Every section of the society has to be empowered by removing the obstacles coming in the way. This is expected to significantly increase the coverage of social security schemes.

SBI is currently the largest public sector bank in the country. Leaving aside market capitalization, SBI is ahead of all other banks in terms of assets, deposits, branches, customers and employees etc. In terms of market capitalization, SDFC Bank has overtaken SBI after the recent merger. As of June 2023, SBI has total deposits of over Rs 45.31 lakh crore, while it has distributed lots of over Rs 33 lakh crore.