Financial literacy camp held for ITBP personnel

Excelsior Correspondent

LEH, Aug 5: Reserve Bank of India (RBI), Jammu conducted a “Field Level Financial Literacy Event” for the officers and jawans of ITBP at its Sector Headquarters, here.
The event was presided over by JP Yadav, DIG, ITBP, Ladakh Sector and was also attended by Thomas Mathew, Regional Director for Jammu and Kashmir, Reserve Bank of India, Jammu; AK Mattu, General Manager, RBI, Jammu, Mohinder Bassan, Regional Manager, SBI and a large gathering of officers and jawans from various battalions of ITBP.
Speaking on the occasion, Mattu said that RBI in its endeavour to create awareness among the people and especially for the vulnerable sections of the society, has organized this event with the aim of equipping the defence personnel with the required information about various banking products, consumer protection matters, grievance redressal mechanism available to the banking customers to empower them so that they could take informed decisions.
Thomas Mathew, in his initial remarks, stated that the literacy efforts of the RBI and Government held promise for creating an overall atmosphere about appropriate use of banking services and products, safe digital transactions and the need to stay away from the lure of fake and fictitious lottery/cheap money transfer offers.
Earlier, in his opening remarks, JP Yadav, DIG, ITBP expressed hoped that these events will help their officers and jawans seek appropriate remedies/redressal to their difficulties.
Various functions of RBI as banker to banks, banker to Government, monetary authority, custodian of forex reserves of the nation, banking ombudsman scheme, acceptance of deposits by unincorporated bodies, eKYC, Know your Liability and other topics were covered in a presentation by Anil Reshi, Manager, RBI, Jammu.
Later a financial literacy quiz was organized for the participants which saw active involvement of the participants. Prizes were also given away to the winners by Baljinder Singh, Commandant, Sector Headquarters, Thomas Mathew and AK Mattu.