India: Reserve Bank Publishes Instructions on Financial Inclusion

On June 10, 2019, the Reserve Bank of India (RBI) published instructions (RBI/2018-19/206 DBR.LEG.BC.No.47/09.07.005/2018-19) introducing certain changes to the facilities associated with the Basic Savings Bank Deposit Account (BSBD). The BSBD account has been designed to provide certain minimum facilities to customers who do not have a minimum balance, without additional cost. 

This enhanced access will include the ability to:

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