Bank of Baroda (BoB) launches first UPI-based ₹5,000 overdraft facility for women SHG members.

Exam-focused facts from the 23 March 2026 current affairs briefing.

Key facts

Bank of Baroda (BoB) is the first bank in India to offer an Overdraft Facility on Credit Line via UPI for verified women Self-Help Group (SHG) members holding Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts.
The facility was unveiled at the 25th Central Level Coordination Committee (CLCC) meeting in Hyderabad.
Eligible members receive ₹5,000 overdraft credit accessible through bob इ Pay or any UPI-enabled app.
The initiative partners with National Payments Corporation of India (NPCI), Indian Banks’ Association (IBA), and Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM).
Users can link OD accounts for merchant QR payments, balance checks, transaction tracking, and digital repayment without branch visits.