Bank of Baroda Debuts India's First UPI-Based Digital Overdraft for Women SHGs
The initiative allows verified women members with PMJDY accounts to access a collateral-free overdraft of up to ₹5,000 for emergency or working capital needs.
The facility is integrated with UPI apps, enabling digital loan tracking and QR-based payments, thereby removing the need for physical branch visits.
Impact: This move leverages digital public infrastructure to build credit histories for rural women, fostering long-term financial inclusion.
Key Facts / Static GK
BoB MD & CEO: Debadatta Chand
Founded: 1908
Tagline: India's International Bank
Practice Quiz — 24 March 2026
Q1. Regarding the 622nd RBI Central Board meeting, what is the specific timeframe designated for the 'Utkarsh 3.0' Medium-Term Strategy Framework?
Q2. Which specific body has been replaced by the newly formed National Dental Commission (NDC) as of March 2026?
Q3. Under the new PAN card rules effective from April 2026, what is the revised threshold for mandatory PAN reporting for property purchase or sale transactions?
Q4. As per the Global Terrorism Index (GTI) 2026, which country is ranked as the most impacted by terrorism globally?
Q5. Whose record did PM Narendra Modi surpass to become the longest-serving elected head of government in India as of March 2026?
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