Notification regarding Section 23 of the Banking Regulation Act, 1949 – Doorstep Banking (dated – 08.06.2022)-RBI.

  • 10th, June 2022
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Notification regarding Section 23 of the Banking Regulation Act, 1949 – Doorstep Banking (dated – 08.06.2022)-RBI.

  • It has been decided to allow financially sound and well managed (FSWM) UCBs to provide Doorstep Banking Services to their customers on a voluntary basis. However, Non-FSWM UCBs would have to seek prior approval of concerned Regional Office of Department of Supervision of the Reserve Bank to provide Doorstep Banking Services, refer attachment for further details.
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