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Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts.
The data is collected by the Unique Identification Authority of India (UIDAI), a statutory authority established in January 2016 by the Government of India, under the jurisdiction of the Ministry of Electronics and Information Technology, following the provisions of the Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and ...
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
State Bank of India logo was designed by NID in 1971. The SBI logo was designed by the National Institute of Design, Ahmedabad in 1971. [74] The logo was designed by Shekhar Kamat and the logotype in 14 Indian languages was designed by Mahendra Patel. [75] [76] State Bank of India and all its associate banks used the same blue keyhole logo. [77]
India's Aadhar data breach was one of the biggest data breaches in 2018. In early 2018, Indian government's identification database Aadhaar (similar to SSN ) was reported to be leaking information on every registered Indian citizens [ 10 ] including names, bank details and other private information like biometric data. [ 11 ]
Pattadar Passbook service for completing aadhar seeding was also given to MeeSeva service providers on 12 April 2018. They can update biometrics for the aadhar account by using eKYC method. TS Mee Seva has introduced a citizen login, which is a very useful feature. Now, citizens can avail or use Meeseva services without having to visit a center.
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
An Act to provide for, as a good governance, efficient, transparent, and targeted delivery of subsidies, benefits and services, the expenditure for which is incurred from the Consolidated Fund of India, to individuals residing in India through assigning of unique identity numbers to such individuals and for matters connected therewith or incidental thereto.