BASIC BANKING SERVICE’S A WAY FOR PAVE FINANCIAL INCLUSION DIMENSION
Basic banking services as a way to pave the dimension of financial inclusion" refers to the idea that providing basic banking services, such as savings accounts, credit facilities, and payment systems, to individuals and households can contribute to promoting financial inclusion. Financial inclusion refers to the access and use of financial services by all segments of society, particularly those who are underserved or excluded from the formal financial system. Providing basic banking services is a crucial step towards financial inclusion, as it allows individuals to access and use financial services that are essential for managing their day-to-day financial needs. Basic banking services can also enable individuals to save money, build credit, and invest in their future, thus contributing to their long-term financial stability and well-being. In many cases, individuals who are underserved or excluded from the formal financial system face various barriers to accessing basic banking services. These may include geographical barriers, such as living in remote or rural areas, or social barriers, such as a lack of financial education or awareness. Therefore, to pave the way for financial inclusion, efforts are needed to overcome these barriers and ensure that basic banking services are accessible and affordable for all segments of society. This study was undertaken to analyse the basic banking services in varied dimensions of financial inclusion. More than 400 sample respondents are selected for this study. Student t-test was employed to assess the hypothesis.
Banking Services, Financial Inclusion, Access, Usage and Quality Dimension, Inclusion Strategy.