FINANCIAL INCLUSION: A STUDY ON NO-FRILLS BANK ACCOUNT IN PALACODE TOWN

Financial inclusion is the process of ensuring timely and adequate access of financial services and credit delivery for low income group at an affordable cost. The basic aim of financial inclusion is to ensure the ease of access, availability and usage of the formal financial services. The researcher has chosen all four banks in Palacode town where the no- frills bank accounts facilities are in operation. This paper highlights the secio- economic conditions of the beneficiaries, factors influencing the people to open this account, awareness of deposit scheme, opinion of the general utility services and attitude of the customers towards the services of the banks.