Cashless payments:

We don’t have to carry cash with us. We can both make and take cashless payments.

Large payments:

We can safely send and receive large amounts of money directly in the bank.

Access to pension and government schemes:

We can get pension into account. We can link government schemes we are eligible for to our bank a/c too.

Access to mobile and online banking:

We can begin using mobile banking and online services, like UPI, AePS, USSD with a bank a/c.

Withdraw money anywhere:

When we are traveling, we can use our debit card to withdraw money from any ATM. So, we won’t have to travel with cash.

Make Investments:

We can use our bank a/c to invest
in recurring deposit, Fixed deposit, bonds, shares, etc.

Sending money to any location:

We can send money from our bank a/c to other bank accounts located in any part of the country. So, we can easily send money to our children, relatives, pay school fees, etc.