Google is reportedly planning to develop a new website, named Bharat Saves to help customers save and invest money in a better way.
The website will guide customers over financial planning. According to media reports, the search engine giant wants to align its Bharat Saves websites to the government’s financial inclusion scheme, Jan Dhan Yojana, launched in 2014 to ensure access to financial services, such as Banking/Savings and Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
A Google spokesperson has told media that ‘Bharat Saves’ will be rolled out as an app as well. To use the service, user will need to log into either of the platforms—the ‘Bharat Save’ app or website. The user will then be required to take a financial literacy test. The certifications for the test will be given by the Indian government, Google and an industry organisation.
These platforms will let user to see, compare and purchase banking and insurance products. Both the platforms will eventually be linked to PM’s Jan Dhan Yojana, which has opened up about 24 crore new bank accounts so far.