With the introduction of the feature of continuous release of credit messages, the participants have been given additional time window to process the transactions. 10. Similarly, there has also been a surge in the customers registered for mobile banking. The mobile payments in 2012–13 have reached 53.30 million in volume terms and ₹ 59.90 billion in value terms.
One of our objectives is to make saving a regular habit and expand our deposit base to include children, the youth and unbanked adults. While our savings rate (or gross savings as a percent of GNP) has been on a steady uptrend – from 22.7 in 2000 to 27.9 as of 2007, we are behind other countries in the region.