The lack of financial literacy among the public is the main reason for the common man falling prey to fraudsters, according to Sushama Godbole, Chief Executive Officer of Dharwad Zilla Panchayat.
A press release said here on Wednesday that Godbole was speaking after inaugurating the ‘e-Payments Literacy Workshop’ organised by National Payments Corporation of India (NPCI), under the aegis of NABARD and Karnataka Vikas Grameen Bank (KVGB) at Dharwad on Tuesday.
Highlighting the role played by regional rural banks (RRBs) in financial inclusion, she said all efforts should be made to make RRB customers aware of the prudent usage of technical products including debit and credit cards.
Ashok Reddy, Chairman of KVGB, said the bank has initiated several measures to educate people on basic banking fundamentals.
Expressing concern over the increase in cases of hackers targeting bank accounts, he said the customers should aware of digital and smart banking system as these facilities could be accessed even in the remotest corner of the country.
NPCI conducted ‘e-Payments Literacy Workshop’ on the occasion of World Literacy Day. More than 300 participants attended the programme in Dharwad.
The nationwide event was hosted by NPCI representatives in 28 states at 120 centres supported by all 56 RRBs in the country, the release said.