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Mumbai: The Reserve Bank of India (RBI) has released comprehensive guidelines for the Establishment of Digital Banking Units (DBUs), marking a significant step toward expanding digital banking infrastructure nationwide. The move follows the Union Budget 2022–23 announcement to set up 75 DBUs in 75 districts as part of the Azadi Ka Amrit Mahotsav celebrations commemorating 75 years of India’s independence.
To implement this initiative, the RBI had constituted a Committee for the Establishment of Digital Banking Units, tasked with preparing a roadmap for the rollout. The Committee held extensive consultations and provided recommendations on key aspects, including the DBU model, range of services to be offered, monitoring mechanisms, cybersecurity standards, IT architecture and the role of DBUs in promoting digital banking literacy.
Based on these recommendations, the RBI has finalised the guidelines, laying the foundation for a modern, secure and inclusive digital banking ecosystem aimed at improving access to financial services across the country.
[RBI]