Recommendations of Nachiket Mor Committee
Q. According Nachiket Mor panel, every adult should have bank account by-- Published on 16 Nov 15a. 2016
b. 2017
c. 2018
d. 2020
ANSWER: 2016
Recommendations of Nachiket Mor Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households:
- Every resident should be issued a Universal Electronic Bank Account automatically at the time of receiving their Aadhaar number by a high quality, national, full-service bank.
- An instruction to open the bank account should be initiated by the Unique Identification Authority of India upon the issuance of an Aadhaar number to an individual over the age of 18.
- By January 1, 2016, the number and distribution of electronic payment access points would be such that every resident would be within a 15- minute walking distance from such a point anywhere in the country.
