IBPS PO Mains 5 Nov 2023 Paper

Concept:This question tests awareness of recent digital banking initiatives launched by Indian banks for social security enrolment.Explanation:The State Bank of India recently launched Aadhaar-based enrolment for social security schemes.This new facility allows customers to enrol in social security schemes using their Aadhaar card as identity proof.Aadhaar, being a unique identification number in India, makes the enrolment process simple and straightforward.The service is provided through Customer Service Points, which helps in reaching customers in remote areas.SBI Chairman Dinesh Khara officially unveiled this feature to enhance customer convenience.The initiative aims to simplify the enrolment process and widen participation in social security schemes.It reduces paperwork and makes the entire process quicker, more transparent, and accessible to all customers.Answer:The correct answer is Option A: SBI (State Bank of India).