BankBazaar Launches ‘#PlayYourPart’ During RBI’s Financial Literacy Week

BankBazaar, India’s leading financial marketplace, today launched its new digital campaign #PlayYourPart. The campaign strives to raise awareness and garner everyone’s participation to impart knowledge about digital and paperless finance amongst anyone who is facing trouble transacting digitally and help them become financially independent and secure.

Launched amidst the ongoing Financial Literacy Week (June 5-9, 2017) as announced by the #RBI, #PlayYourPart campaign highlights the need for financial literacy especially among informal sector.

The RBI said in a release that in order to create awareness at a large scale on key topics every year, the RBI will observe one week in a year as ‘Financial Literacy Week’. The messages identified for the week are 'Know Your Customer' (KYC); exercising credit discipline; Going digital with UPI, and awareness of grievance redressal mechanism.

It reiterates the importance of society’s contribution in helping them access the right financial tools to realize their financial aspirations.

In India, maids, cooks, drivers and security guards are an integral part of the average middle class lives. Most domestic staff in India do not have access to retirement benefits and their earnings are restricted to their salary and bonuses. In such a situation, access to the right financial tools that can help them save and reach their earning to their family in a safe a timely manner is of paramount importance. Against this background, the new campaign aims to encourage everyone to play their part in educating their domestic workers about digital and paperless finance to make them financially informed and literate.

Prince Thomas, head of brand marketing at BankBazaar.com said, “BankBazaar has always tried to bring about a change in the way people think about finance. With this edition of #PlayYourPart campaign, the company is trying to make the average educated Indian a catalyst for financial inclusion by empowering and simplifying finance for the common man. This campaign encourages customers to educate their domestic workers and put them on track to financial independence. This can be as small as teaching them how to navigate an app to transfer money or to help them open a bank account. Every small thought counts.”