CURRENT AFFAIRS

Detailed explanation-1: -The process will be free and paperless for pensioners who use this technology to submit their life certificates remotely through video from their homes. The State Bank of India (SBI) last year had started the video life certificate facility to pensioners.

Detailed explanation-2: -The State Bank of India (SBI), the leading bank in India, began offering video life certificates to pensioners. The process will be free and paperless for pensioners who use this instrument to submit their life certificates virtually through video from their homes.

Detailed explanation-3: -SBI Video life certificate: With the new facility, pensioners can now submit their life certificates via video call with an SBI official using a smartphone, or a tablet, or a laptop or PC using a web camera and headphones with stable internet connectivity.

Detailed explanation-4: -In order to facilitate these pensioners, the State Bank of India (SBI) has started Video Life Certificate (VLC) service. This allows pensioners to submit their life certificates from the comfort of their homes.

Detailed explanation-5: -2015, issued by the Reserve Bank of India, prescribing mandatory issue of acknowledgement to Pensioners on submission of Life Certificates and promoting the use of Digital Life Certificates among Pensioners, which would eliminate the need for their physical presence at branches. RBI/2017-18/89, dated 09.11.