Banking, insurance operations to continue during extended coronavirus lockdown – Centre

Banking, insurance operations to continue during extended coronavirus lockdown - Centre
Banking, insurance operations to continue during extended coronavirus lockdown – Centre

As per the revised guidelines, IT vendors for banking operations, banking correspondents, ATM operations and cash management agencies will also be functional.

Bank branches are allowed to work as per normal working hours till disbursal of DBT cash transfers are complete, it said, adding, local administration is to provide adequate security personnel at bank branches and for banking correspondents to maintain social distancing and staggering of account holders.

Direct Benefit Transfer(DBT) to the poor and vulnerable section of society, hit hard by the coronavirus outbreak and the consequent lockdown, is providing financial support for sustaining during these difficult times.

It further said the digital economy is critical to the services sector and is important for national growth. Accordingly, e-commerce operations, operations of IT and IT enabled services, data and call centres for government activities, and online teaching and distance learning are all permitted activities now.

The revised consolidated guidelines are aimed at operating those sectors of the economy which are critical from the perspective of rural and agricultural development and job creation, while maintaining strict protocols in areas where safety is paramount to contain the spread of COVID-19 in the country, it added.

(This is an unedited and auto-generated story and may not have modified or edited by Quickclarity news)

Publisher: The New Indian Express

stay connected with us! For more updates

LIKE SHARE and SUBSCRIBE

if you like the article information then press the like button, Comments you’re opinions about this article and share it with family and friends on social media platforms

SUSCRIBE Quickclarity news to get latest news updates

Thank you for reading

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.