No-frills account holders can now access digital banking facility free of cost

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RBI announced a major change for no-frills account holders. Basic Savings Bank Deposit accounts will now get free digital banking. This includes mobile and internet banking services. The move aims to boost financial inclusion across the nation. Grievance redressal mechanisms are also being strengthened. Rural cooperative banks will join the Ombudsman scheme. This expands essential banking access for many citizens.