The number of deposit accounts per thousand population has increased from 43 in 1972 to over 1,600 now. Households currently account for 63 per cent of total bank deposits.
Financial inclusion with IT 13. Business requirements: I would like to emphasise that it is imperative to facilitate opening new accounts, provide need based credit, remittance facilities and help promote financial literacy in rural India. It is expected that new technologies and business correspondents will drive this movement.