RBI Announces Three Consumer-Focused Initiatives After August 2025 MPC
Why in the news
Following the August 2025 MPC meeting, three steps were announced to ease access and widen retail participation.
| Step | Details | Benefit |
|---|---|---|
| Doorstep Re-KYC | Panchayat camps; also new accounts and grievance handling; supports 10 years of PMJDY | Last-mile banking |
| Deceased-customer claims | Standard process, uniform timelines and papers for account funds and lockers | Less hassle, faster payouts |
| T-Bill SIPs | Via Retail Direct | Disciplined investing, deeper G-Sec market, better savings habit |
Significance
- Financial inclusion, simpler legacy processes and wider access to investments.
Exam angle
- Announced by: Governor Sanjay Malhotra.
- Platform: Retail Direct.
- Scheme: PMJDY.