General financial literacy low in urban and rural population: RBI survey





A common perception is that most of the rural population in India is not well versed in digital banking.


 

What can be described as a revelation, however, is that, according to a pan-Indian Financial Literacy and Inclusion Survey conducted by the Reserve Bank of India (RBI), awareness and knowledge of digital banking is low on par among rural and urban populations across the country, with the Average for both segments is 11.7 with a score of 21.

The survey was based on three parameters, namely financial knowledge, attitude and behavior. With an overall score of 21, the average city and country score was 11.7.

Zone by zone, the scores were as follows: In the North Zone, scores in urban and rural areas were on par at 11.5 each.

Also in the East Zone, the score was 12.1 for both rural and urban areas.

In the middle zone, the score for urban areas was 12.5 and slightly lower for rural areas at 12.1.

The West Zone also showed head-to-head readings, with urban areas registering 12.6 and rural areas registering 12.5.

In the South Zone, the urban area score was 11.2, while the rural area score was 10.3.

Since both urban and rural areas do not show much disparity nationwide according to the RBI survey, this suggests that in terms of digital banking awareness, much needs to be done to improve knowledge among all strata of society.

–IANS

ans/uk/

(Only the headline and image of this report may have been edited by Business Standard contributors; the rest of the content is auto-generated from a syndicated feed.)


Sybil Alvarez

"Incurable gamer. Infuriatingly humble coffee specialist. Professional music advocate."

Leave a Reply

Your email address will not be published. Required fields are marked *

naughty cam girls adultcamslive.cc karly_angel
hindi sex clips xlxx.pro sexy hot imges
vasundhara kashyap nude video tubeshere.info indian xvideoa
sexy lady bf tubeband.mobi girl with horse sex
xmxx motherless.pro mallu mms scandal
سكس ىابانى eroplaytube.com سكس\
wwww xxxx vidos pornindianhub.info www.xxx movie
tamil pornhub 2beeg.mobi chudaimaza
lobsters tube zatube.mobi gujarati sex videos
indian bollywood porn pornogator.net kochikame porn
bengali actress porn video free-porn-hose.net xvideo bangladeshi
boss secretary sex hdsexword.mobi xxx dasi sex video
sexxx3 hamsterporn.mobi malayalam sex with
garo xxx video brostube.mobi todayspkmovies
rajasthan sax video pelisporno.org andhra sexy video download