Our Party believes that an individual should have only one bank account.
We will establish banks for every village and ward in the country. In these banks, an account will be created for an individual based on the place of voting rights. Meaning, an individual can create a bank account only in the place where he/she has right to vote. Only through this account can an individual do transactions throughout the country. The solitary bank account number only helps the person to deposit the money or save it in the bank. Our system will not allow the individual to have any other bank account across the country.
A sincere implementation of this procedure will help to eradicate corruption, black money and fake currency in India. In addition, there is no way anyone can transfer money to other countries without proper paperwork. Therefore, all the money generated in the country, stays within the economical systems of the country. As a result, there won’t be any need to face economic crisis. There is also a possibility to know about the black money details of individuals that is not shown to the Government.
Our party focuses on establishing banks for every village and ward. Further, for every 2000 citizens in a community [especially in towns] we will make sure there is a bank. The bank administration is taken care by the unemployed youth who are talented and looking for an opportunity to prove themselves.