Spice Money partners with Axis Bank for financial inclusion in rural India : Spice Money has partnered with Axis Bank to facilitate opening of instant, zero balance savings or current accounts for rural citizens through its Adhikari network. Through this association, Spice Money aims to bridge the rural-urban divide and bring financial inclusivity by providing access to banking products to the last mile at their doorstep, thereby financially empowering thousands of rural citizens living in the hinterlands of India, founder of the fintech firm Dilip Modi said.
December 2022 Current Affairs Quiz
Aim: To bridge the rural-urban divide and bring financial inclusivity by providing access to banking products to the last mile at their doorstep
A regulated entity under RBI, the fintech firm delivers various financial services such as cash deposit and withdrawal, and insurance premium to the rural masses.
