Survey Results

A substantive number did have bank accounts but due to lack of awareness on their part they were unable to avail the benefits of the Government’s initiative. Particularly abysmal was the fact that some of them did not even know that such a government scheme existed. Our volunteers tried to reduce this information gap by telling them about the initiative and systematically, suggesting ways in which they could fully avail the benefits placed at their disposal.
Here's what we got from the survey!!

Know About The FLC!

General Details 

Gender

              

Male 59 52%
Female 55 48%

 

Age

18-22 12 11%
22-26 14 12%
26-32 25 22%
32-50 53 46%
Above 50 10 9%

 

Total no. of family members above the age of 18 (except yourself) ?

0 6 5%
1 37 32%
2 26 23%
3 17 15%
4 15 13%
5 5 4%
6 4 4%
7 0 0%
8 2 2%
9 0 0%
10 2 2%

 

Hindi (What is your Literacy Level)?

No 31 27%
Can Read 9 8%
Can Read & Write 74 65%

 

English (What is your Literacy Level)?

No 70 61%
Can Read 17 15%
Can Read & Write 27 24%

 

Banking

Do you have a bank account?

Yes 81 71%
No 33 29%

 

How many of your family members have a bank account (except yourself) ?

0 50 44%
1 40 35%
2 13 11%
3 6 5%
4 3 3%
5 0 0%
6 1 1%
7 0 0%
8 0 0%
9 0 0%
10 1 1%

 

In which bank do you have an account?

Indian Bank 7 6%
State Bank of India (SBI) 22 19%
Corporation Bank 3 3%
Bank of India (BOI) 1 1%
Punjab National Bank (PNB) 12 11%
Allahabad Bank 0 0%
Bank of Baroda 11 10%
ING Vysya Bank 0 0%
HDFC Bank 0 0%
Karur Vysya Bank 0 0%
Karnataka Bank 2 2%
N/A 25 22%
Other 31 27%

 

Which of the following items do you have?

Pass Book 87 76%
Cheque Book 36 32%
ATM/Debit Card 49 43%
None 26 23%

 

Which of the following bank fascilities are you aware of?

Savings Deposits 30 26%
Fixed Deposit 24 21%
Locker Fascility 14 12%
ATM/Debit Card 42 37%
Advances (Loans) 23 20%
None 68 60%

 

Visiting the bank branch (How frequently have you used the following services in last 3 months)?

I never use this service 52 46%
1 to 3 times 54 47%
4 to 8 times 8 7%
9 to 12 times 0 0%
Over 12 times 0 0%

 

Telephone Banking (How frequently have you used the following services in last 3 months)?

I never use this service 107 94%
1 to 3 times 5 4%
4 to 8 times 2 2%
9 to 12 times 0 0%
Over 12 times 0 0%

 

Online Banking (How frequently have you used the following services in last 3 months)?

I never use this service 110 96%
1 to 3 times 4 4%
4 to 8 times 0 0%
9 to 12 times 0 0%
Over 12 times 0 0%

 

ATM/Debit Card (How frequently have you used the following services in last 3 months)?

I never use this service 82 72%
1 to 3 times 20 18%
4 to 8 times 12 11%
9 to 12 times 0 0%
Over 12 times 0 0%

 

Cheque Book (How frequently have you used the following services in last 3 months)?

I never use this service 101 89%
1 to 3 times 11 10%
4 to 8 times 2 2%
9 to 12 times 0 0%
Over 12 times 0 0%

 

Pass Book (How frequently have you used the following services in last 3 months)?

I never use this service 70 61%
1 to 3 times 37 32%
4 to 8 times 6 5%
9 to 12 times 1 1%
Over 12 times 0 0%

 

How much have you deposited in your bank account in the last month?

None 68 60%
Less than 100 3 3%
100 - 500 7 6%
500 - 1000 12 11%
1000 - 2000 11 10%
Above 2000 13 11%

 

Income & Savings

What is your monthly family income in rupees ?

Less than 2500 13 11%
2500 - 5000 22 19%
5000 - 8000 39 34%
8000 - 15000 30 26%
Above 15000 10 9%

 

How much can you save on an average in a week?

None 56 49%
Less than 50 4 4%
50 - 100 7 6%
100 - 250 13 11%
250 - 500 18 16%
Above 500 16 14%

 

Why don't you prefer depositing that amount in the bank?

No savings so nothing to deposit 52 46%
Don't know how to operate bank account 6 5%
No Bank nearby 0 0%
Takes a lot of time 4 4%
Don't trust bank (Feels insecure about money) 3 3%
N/A (Deposits in Bank) 37 32%
Other 12 11%

 

Number of daily responses