Making It Easier to Apply for a Bank Account : A Study of the Indian Market
This paper draws on new individual-level survey data from India to study the costs of opening an account and the efficiency of the account application process. The data show a recent increase in account ownership, especially by women and poor adult...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/504741506452393306/Making-it-easier-to-apply-for-a-bank-account-a-study-of-the-Indian-market http://hdl.handle.net/10986/28450 |
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okr-10986-284502021-06-08T14:42:45Z Making It Easier to Apply for a Bank Account : A Study of the Indian Market Demirguc-Kunt, Asli Klapper, Leora Ansar, Saniya Jagati, Aditya FINANCIAL INCLUSION HOUSEHOLD FINANCE FINANCIAL INSTITUTIONS BANKING REFORM This paper draws on new individual-level survey data from India to study the costs of opening an account and the efficiency of the account application process. The data show a recent increase in account ownership, especially by women and poor adults. The data also suggest that India's flagship financial inclusion program, the Jan Dhan Yojana scheme, has made it easier to get an account, through lower costs and greater ease of applying. Yet despite the scheme's initial successes, people who wish to apply for an account continue to incur a range of costs. The survey results suggest several recommendations that could improve the account application process and increase ownership and usage of accounts. 2017-10-05T16:55:32Z 2017-10-05T16:55:32Z 2017-09 Working Paper http://documents.worldbank.org/curated/en/504741506452393306/Making-it-easier-to-apply-for-a-bank-account-a-study-of-the-Indian-market http://hdl.handle.net/10986/28450 English en_US Policy Research Working Paper;No. 8205 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper South Asia India |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
FINANCIAL INCLUSION HOUSEHOLD FINANCE FINANCIAL INSTITUTIONS BANKING REFORM |
| spellingShingle |
FINANCIAL INCLUSION HOUSEHOLD FINANCE FINANCIAL INSTITUTIONS BANKING REFORM Demirguc-Kunt, Asli Klapper, Leora Ansar, Saniya Jagati, Aditya Making It Easier to Apply for a Bank Account : A Study of the Indian Market |
| geographic_facet |
South Asia India |
| relation |
Policy Research Working Paper;No. 8205 |
| description |
This paper draws on new individual-level
survey data from India to study the costs of opening an
account and the efficiency of the account application
process. The data show a recent increase in account
ownership, especially by women and poor adults. The data
also suggest that India's flagship financial inclusion
program, the Jan Dhan Yojana scheme, has made it easier to
get an account, through lower costs and greater ease of
applying. Yet despite the scheme's initial successes,
people who wish to apply for an account continue to incur a
range of costs. The survey results suggest several
recommendations that could improve the account application
process and increase ownership and usage of accounts. |
| format |
Working Paper |
| author |
Demirguc-Kunt, Asli Klapper, Leora Ansar, Saniya Jagati, Aditya |
| author_facet |
Demirguc-Kunt, Asli Klapper, Leora Ansar, Saniya Jagati, Aditya |
| author_sort |
Demirguc-Kunt, Asli |
| title |
Making It Easier to Apply for a Bank Account : A Study of the Indian Market |
| title_short |
Making It Easier to Apply for a Bank Account : A Study of the Indian Market |
| title_full |
Making It Easier to Apply for a Bank Account : A Study of the Indian Market |
| title_fullStr |
Making It Easier to Apply for a Bank Account : A Study of the Indian Market |
| title_full_unstemmed |
Making It Easier to Apply for a Bank Account : A Study of the Indian Market |
| title_sort |
making it easier to apply for a bank account : a study of the indian market |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/504741506452393306/Making-it-easier-to-apply-for-a-bank-account-a-study-of-the-Indian-market http://hdl.handle.net/10986/28450 |
| _version_ |
1764466939404484608 |